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Congo to begin coltan certification in 2009-minister

http://www.guardian.co.uk/feedarticle?id=7410635

 

By Joe Bavier

KINSHASA, March 25 (Reuters) - Democratic Republic of Congo hopes to set up a scheme to certify columbite-tantalite produced within its borders in 2009, the country's Deputy Mines Minister Victor Kasongo said on Tuesday.

The illegal traffic of the rare metal, used in mobile phone chips and commonly referred to as coltan, helped fuel a 1998-2003 war and resulting humanitarian crisis in the central African country that killed an estimated 5.4 million people.

But a new G8-backed and German-financed pilot initiative aimed at creating a mineral fingerprint for coltan could soon help developing countries trace ore that is illegally exported and boost their profits from legal exports.

Kasongo said he hoped a global certification process aimed at ethically-minded consumers would follow.

"All the large companies are fighting for this. They'll be able to display a certificate to prove fair trade. You'll begin seeing many machines, many iPods, that are certified," he said.

Congo plans to use the data to set up its own certification process within the next eight months, which should help the creation of a global system similar to the Kimberley Process set up to end the trade in "blood diamonds" from war zones.

"We believe that in 2009 we should be able to enforce certification ... early next year," Kasongo told Reuters in an interview. "Licences. Centralised control. Certification. More revenues to Congo. More peace and stability. Those are the things we are aiming for."

A team from Germany's Federal Institute for Geosciences and Natural Resources is due to arrive in Congo on April 2.

Researchers will map the country's coltan producing areas and isolate unique characteristics of local ore samples to create mechanisms for tracing ore to its origin.

"BLOOD COLTAN"

Congo, believed by many experts to possess the world's largest coltan reserves, was one of the principal suppliers of the ore as demand from the mobile phone and electronics industries spiked in the late 1990s.

Much of the so-called "blood coltan" originating in Congo was illegally smuggled into Uganda, Rwanda, and Burundi during a five-year war that saw the plunder of its natural resources by neighbours and foreign-backed militias.

Congo's coltan-rich eastern borderlands remain a patchwork of militia-controlled zones and rebel fiefdoms, where a United Nations Security Council-commissioned report recently said illegal armed groups still buy weapons with mining revenues.

Ethical concerns and more efficient industrialised mining have now made Australia the world's leading producer and exporter of coltan.

Congo hopes the certification process will rehabilitate the image of its coltan and help to stabilise its eastern reaches.

"We'll make sure that the coltan is not linked to any military activities. We understand that once we have control of the coltan itself, we'll have some control over the stability of the area," Kasongo said. (For full Reuters Africa coverage and to have your say on the top issues, visit: http://africa.reuters.com) (Editing by Alistair Thomson and Elizabeth

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The Congolese government establishes a panel to review mining contracts

Fabrice Badibanga

28 mar. 08 - 19.18h

http://www.monuc.org/News.aspx?newsID=16978

 

During a press conference held on 24 March 2008 in his office, Mining Minister Martin Kabwelulu announced the establishment of a panel to review mining contracts, following the publication of the final report of the Review Commission set up by the Technical Cell for Mining Planning and Coordination (CTPCM). Among others, the tasks of the panel will be to readjust the share of the State in the different partnerships, said the Minister.

 

The panel, instituted by the government, will be in charge of examining contracts one by one, without intending to rewrite new contracts. Its job will consist in signing amendments in order to correct provisions that are considered out of balance in existing contracts, declared Martin Kabwelulu. The Minister underlined that the panel may eventually keep the main points of existing contracts, and the modifications could be done after eventual discussions with partners.

 

To that end, Martin Kabwelulu plans to broaden the circle of discussions for foreign investors and committees of state-owned companies that are involved in signing the contracts. Both parties may be heard by the panel in case of difficulties.

 

According to the Minister, there are two essential reasons that back the government’s decision: the validity of the balance of contracts and the procedural defects in some contracts as well as problems related to the disrespect of engagement by parties.

 

Because since the establishment of the Contract Review Commission by ministerial order dated January 2007, the two objectives, for which this institution was created for, have not been met. These objectives are the maximization of revenues from different partnerships and cleanup of the mining sector. In fact, in spite of the analysis of some contracts, there are still problems that led to the decision to establish this panel whose task is to solve questions for which final solutions were not yet found.

 

The Minister announced that, before the publication of the final report, notifications of the conclusions of the Commission along with the requirements of the government will be transmitted to partners. In return, replies from the latter will be sent to the government.

 

According to the conclusions of the Commission, not a single mining contract was found to be fit for category A. Out of about 60 contracts, 5 were listed in category B (these are contracts to be renegotiated), 6 in the exploratory phase, and the other 49 are doing all sorts of trafficking in the world’s great stock-exchange places by their holders without any exploration at all.

 

Thus, the Commission suggested the cancellation of about 15 contracts among which 6 are in partnership with Gecamines.

 

It did not spare mining giants such as the world’s first mining group BHP Billiton, the South African gold giant Anglogold Ashanti, the world’s first diamond producer De Beers (from South Africa) and the American giant Freeport-McMoRan, all of them accused of having signed one-sided contracts.

 

The Commission also systematically pointed out unjustified tax exemptions, an excessively small share of the State (i.e. 5%) in the capital of joint companies and the partners’ disrespect of their social and environmental obligations though they make profits as high as 600 % from the sale of exploited products.

 

The report also shows the Congolese State’s lack of rigor in negotiating contracts.

 

Among the difficulties encountered while working, the Commission mentioned the fact that it was not easy to examine mining contracts; public representatives and some partners refused to provide some useful information that they needed.

 

Some financial institutions under State control such as the “Direction Générale des Impôts”, the “Direction Générale des Recettes Administrative et domaniales” as well as the “Office des Douanes et Assises,” are among State-owned institutions that were not willing to cooperate with members of the Commission.

 

The Mining minister and vice-minister, who together conducted the press conference, insisted on the balance to be restored and the adjustments to be made for those problematic contracts, in order to restore the rights of Congolese people and the State.

 

For Mr. Robert Mwambo, the manager of a mining company in Katanga, the final report of the Review Commission helped disclose the intentions of the State regarding the management of the mining sector.

 

“Now, we know what the State thinks of us. It is only right to capitalize this perception by the State so as to see how we can work together” he said.

 

For the NGOs such as the “Ligue Contre la Fraude” (LICOF, the anti-fraud league), unless there is an authoritative decision from the Congolese State, the natural resources will continue to be looted through one-sided contracts. Otherwise, how should the U-turn by the Mining Minister could be understood about this matter?

 

“At the opening of the States general of mines, he had pleaded for the review of some clauses in the Mining Code which could easily open the door to fraud. It is odd that, during the press conference, he supported the opposite as he declared that not a single contract will be cancelled. This is a concern for the future of our people to whom accounts should be given” underlined a member of the association.

 

On its side, British NGO Global Witness, in a review of the different mining contracts signed in the last ten years, denounces a lack of transparency in the work of the Commission. According to that NGO, beside the opacity that characterized every aspect of the Commission’s review, those who had to write to the report said that they had received much pressure to finish their conclusions within unrealistic deadlines and that not enough was done to protect their independence while working. Global Witness also denounced the limited participation of the civil society in that Commission.

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DRC Signs Oil Exploration Agreement with a Brazilian Firm

http://www.netnewspublisher.com/drc-signs-...brazilian-firm/

 

February 2, 2008

The Brazilian private company, High Resolution Technology (HRT) petroleum, will in March begin oil exploration in the Cuvette Centrale (Central Basin) of the Democratic Republic of Congo (DRC), APA learnt Friday in Kinshasa from the Congolese Petroleum ministry.

 

Last Tuesday in Kinshasa, the Congolese government and the Brazilian company signed an agreement for the 800,000 sq km sedimentary basin.

 

This agreement is mainly on assessing the oil potential of the Central Basin, subdividing the basin into exploitation blocks, building up an oil data base and creating a petroleum laboratory and related matters.

 

According to an expert of the Mines ministry, the data collected on the site by HRT, a big Brazilian petroleum laboratory, will enable the DRC government to invite tenders with full knowledge of the facts, by being aware of the volume of the reserves.

 

An oil-producing country since 1975, DRC has three oil interest sedimentary basins: the coastal basin (west) which ensures the present oil production of the country (25,000 barrels day), the Central Basin and the Tanganyika Graben (east).

 

Last year, DRC signed joint exploitation agreements for the oil in the coastal basin with Angola, and in Lake Albert with Uganda.

 

Homepage: http://www.hrt.com.br/

 

 

 

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Samroc discards mining focus for DRC oil

http://www.engineeringnews.co.za/article.php?a_id=127863

 

By: Matthew Hill

Published: 26 Feb 08 - 17:36

Exploration firm Samroc nearly doubled its market capitalisation on the JSE on Tuesday, after it announced that it would spin off its mining assets into a vehicle it would list separately, and that its focus had now shifted to oil in the Democratic Republic of Congo (DRC).

 

Samroc closed at R 1,87 a share, up from Monday's closing price of R1 a share.

 

The company said in a statement that it would acquire the entire issued share capital of South Africa Congo Oil Company, which owned oil concessions in the DRC, from Echna Group, which held some 65% of Samroc itself.

 

The Johannesburg-listed firm would then transfer its manganese sulphate business into dormant subsidiary Bushveld Pioneer, and list the company, distributing its shares to Samroc shareholders.

 

The company said that it would then change its name to South Africa Congo Oil Company.

 

Samroc said that it had applied to the JSE that its listing be shifted to the bourses Oil & Gas sector, where it would join Oando and Sasol.

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take a look at Zimbabwe Companies too!!!

 

MWANA (Bindura Nickel / Freda Rebecca in Zimb.) gains >50% + since 31.March 2008

 

If elections successfull (and it seems so) for the opposition, all "Zim Stocks" will be re-rated

 

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Congo finds radioactive minerals in ore export

Fri 4 Apr 2008, 10:21 GMT

 

KINSHASA (Reuters) - Security forces in Democratic Republic of Congo's Katanga province have intercepted a truck transporting radioactive mineral ore bound for export, local authorities said on Friday.

 

The truck, carrying 30 tonnes of copper and cobalt ore for Chinese-run firm Hua-Shin Mining, was stopped at an inspection checkpoint near Kolwezi, one of Congo's biggest copper belt mining towns, on Wednesday.

 

Kolwezi mayor Christian Busindi said only part of the load was believed to exceed the acceptable levels of radioactivity and those minerals would be deposited at a secure site to be determined by state copper miner, Gecamines.

 

"We have detained some of the company's representatives ... Now we need to find out where (the minerals) came from," he told Reuters.

 

Ore mined in Katanga, home to one of the world's richest belts of copper and cobalt, habitually contains trace amounts of uranium, which Congo is currently banned from exporting.

 

The central African nation is recovering from a 1998-2003 war that eroded state authority and left infrastructure in ruins. Local authorities say they lack the means to properly inspect mineral output, much of it bought from an estimated 150,000 artisanal miners working in Katanga.

 

Tonnes of seized radioactive ore meant for disposal at an abandoned uranium mine were instead dumped into a river near the mining town of Likasi in October, causing the temporary closure of nearby water treatment plants.

http://africa.reuters.com/top/news/usnBAN440881.html

 

Elemental Minerals` Shinko Project was a copper project... I can not really belive this.

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Alrosa Reopens Bidding for Congo Mine Concessions

06.04.08, 11:39 / Mining

http://www.israelidiamond.co.il/english/Ne...&objid=3419

 

Alrosa Chief Executive Sergei Vybornov has reopened talks with government officials in the Democratic Republic of Congo (DRC) for diamond exploration and mining concessions. According to an Alrosa press release, Vybornov met President Josef Kabila at an undisclosed location in the DRC on March 18.

 

Vybornov visited the DRC after earlier stops in Namibia, where he met President Hifikepunye Pohamba, and Angola, where he met President Jose Eduardo dos Santos.

 

The communique issued after the Kabila meeting said the talks focused on "issues related to cooperation between ALROSA and the DRC in diamond exploration and energy sector".

 

Vybornov's predecessor Alexander Nichiporuk visited the DRC in 2005, along with Dan Gertler. He was then criticized for his interest in expanding Alrosa's African interests by Sakha President, Vyacheslav Shtirov. The latter succeeded in ousting Nichiporuk from his post, and replacing him with Vybornov at the start of 2007.

 

Vybornov's spokesman declined to say if Alrosa has reopened its interest in the Sengamines diamond mine, which has been mired in controversy, debt, and challenges to title for several years now.

 

Current claimant to operational control of Sengamines is South African Mike Nunn and First African Diamonds Limited; they announced that they had acquired an 80% stake in Sengamines in April of 2006.

 

Nunn subsequently approached De Beers, Alrosa, and other international diamond miners. First African's acquisition has been challenged by local interests. By the time of Nunn's approach, Alrosa had already reviewed data on the low-carat Sengamines mine, and of higher quality diamond prospects elsewhere in the DRC.

 

BHP Billiton and De Beers are also believed to have commissioned reports on Sengamines and other DRC diamond prospects.

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  • 2 weeks later...

good News for Mwana: because secret Contracts between Israel & Kabila

 

http://www.romandie.com/infos/news2/080417...05.qz1d0euh.asp

 

 

GoogleTranslation:

 

DRC: Miba terminate exclusivity purchasing diamond Emaxon

 

KINSHASA - La Minière de Bakwanga (Miba), société d'extraction de diamants du Kasaï oriental, dans le centre de la République démocratique du Congo (RDC), a résilié le contrat d'exclusivité d'achat de diamants octroyé à Emaxon, at-on appris jeudi auprès de l'entreprise. KINSHASA - The Miniere de Bakwanga (Miba), a company diamond mining of Kasai Oriental, in the centre of the Democratic Republic of Congo (DRC), has terminated the contract of exclusive diamond buying granted Emaxon, at Thursday we learned from the company.

 

Cette décision a été prise samedi à l'issue d'une assemblée générale de la Miba qui peut désormais vendre "seule et librement" ses colis. The decision was made Saturday at the end of a general meeting of the Miba which can now sell 'single and free "packages.

 

Emaxon Finance international, membre de DGI Group, détenait depuis avril avril 2003 le monopole d'achat de diamants produits par la Miba. Emaxon Finance International, a member of DGI Group, held since April monopoly in April 2003 purchase of diamonds produced by Miba.

 

Le contrat d'exclusivité liant la Miba à Emaxon prévoyait que 88% de la production de la société congolaise devaient être exclusivement vendus à la firme canadienne contre un financement de 15 millions dollars pour une durée de quatre ans. The exclusive contract between the Miba to Emaxon predicted that 88% of the production of Congolese society were to be sold exclusively to the Canadian company against a funding of 15 million dollars for a four-year term.

 

En 2006, un rapport parlementaire avait dénoncé ce contrat et conclu qu'Emaxon gagnait "le triple de sa mise" et faisait "main basse sur la production diamantifère de la Miba". In 2006, a parliamentary report had criticized the contract and concluded qu'Emaxon earned "triple it" and was "hands on the production of the Miba diamond."

 

La décision de retrait de ce monopole a été motivée par "le voeu de multiples partenaires qui voudraient financer l'entreprise de voir un peu plus clair sur la vente de sa production minière", a expliqué à la presse l'administrateur-délégué général adjoint de la Miba, Christine Tuse. The decision to withdraw this monopoly was motivated by "the wish to multiple partners who would fund the company to see a little more clear on the sale of its mining production," explained to the press the Managing Director-General of the Miba, Christine Tuse.

 

La Miba - société d'économie mixte qui s'étend sur une concession de 45.000 km2 - est en baisse de production depuis plusieurs années. The Miba - public company that spans a concession of 45,000 km2 - is down production for several years. Ces cinq dernières années, elle a produit une moyenne de 6 millions de carats de diamants par an. Over the past five years, it has produced an average of 6 million carats of diamonds per year.

 

Elle est détenue à 80% par l'Etat congolais et à 20% par la société panafricaine Mwana Africa, cotée à la bourse de Londres. It is 80% owned by the Congolese state and 20% by the company Pan Mwana Africa, listed on the London Stock Exchange.

 

La Miba a par ailleurs annoncé la reprise de ses installations d'exploitation ainsi que son patrimoine détenus depuis 1999 par la société minière Sengamines, créée par le président Laurent-Désiré Kabila, père de l'actuel chef de l'Etat, assassiné en janvier 2001. The Miba announced the resumption of its operating facilities as well as its assets held since 1999 by the mining company Sengamines, which was created by President Laurent-Desire Kabila, father of the current head of state, who was assassinated in January 2001.

 

Cette décision, saluée par le personnel ainsi que par la délégation syndicale de la Miba, a été prise par le gouvernement, a indiqué le ministère des Mines. That decision, which was welcomed by staff and by the delegation of Association of Miba, was taken by the government, said the Ministry of Mines.

 

Elle s'inscrit dans le cadre des recommandations adoptées en mars à l'issue des "états généraux" des mines. It is part of the recommendations adopted in March as a result of "the General" mine. Une commission gouvernementale chargée de la revue des contrats miniers avait alors appelé à renégocier ou résilier d'importants partenariats conclus avec des géants internationaux du secteur. A government commission responsible for reviewing the mining contracts were then called to renegotiate or terminate significant partnerships with international giants in the industry.

 

Les 61 premiers contrats examinés sont tous considérés comme devant être réaménagés, renégociés ou résiliés. The first 61 contracts examined are all considered to be redeveloped, renegotiated or terminated.

 

Un total de 4.542 titres miniers ont été octroyés à 642 sociétés sur l'ensemble du territoire national. A total of 4,542 mining titles were given to 642 companies over the entire national territory. Les concessions couvertes par ces titres représentent 33 % de la superficie du pays, selon le ministère. The concessions covered by these titles represent 33% of the country's land, according to the ministry.

 

La RDC recèle d'immenses ressources naturelles, dont 34% des réserves mondiales connues de cobalt et 10% des réserves de cuivre. The DRC holds enormous natural resources, including 34% of the world's known reserves of cobalt and 10% reserves of copper.

 

En RDC, 75% des quelque 60 millions d'habitants vivent avec moins de un dollar par jour, selon l'ONU. In the DRC, 75% of the nearly 60 million people live on less than a dollar a day, according to the UN. Plus de 1.200 personnes meurent chaque jour, faute de nourriture ou de soins appropriés dans ce pays qui sort de plusieurs conflits meurtriers qui ont ravagé ses infrastructures. More than 1,200 people die every day for lack of food or appropriate care in this country emerging from several deadly conflicts that have ravaged its infrastructure.

 

(©AFP / 17 avril 2008 21h12) (© AFP / April 17, 2008 21h12)

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Chinese Companies Agree on $4 Billion Congo Venture (Update3)

By Carli Lourens and Franz Wild

April 22 (Bloomberg) -- China Railway Group Ltd., Asia's biggest construction company, and Sinohydro Corp. agreed on a $4 billion venture to build a mine, roads and power plants in the Democratic Republic of Congo......

http://www.bloomberg.com/apps/news?pid=206...mp;refer=africa

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Chinese Companies Agree on $4 Billion Congo Venture (Update3)

By Carli Lourens and Franz Wild

April 22 (Bloomberg) -- China Railway Group Ltd., Asia's biggest construction company, and Sinohydro Corp. agreed on a $4 billion venture to build a mine, roads and power plants in the Democratic Republic of Congo......

http://www.bloomberg.com/apps/news?pid=206...mp;refer=africa

 

Sag mal Conrad, Mawson is doch ausgezeichnet

Has du dich ASX:RBM angeguckt, erst heute entdeckt via Mineweb

Die sind ja billig und haben eine Vereinbarung mit Glencore

 

 

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Sag mal Conrad, Mawson is doch ausgezeichnet

Has du dich ASX:RBM angeguckt, erst heute entdeckt via Mineweb

Die sind ja billig und haben eine Vereinbarung mit Glencore

 

MWE hängt stark mit ANVIL zusammen, mal schauen , was das Reviewing bringt.

Finde Tiger besser, werden noch 2008 1 Mio To CU auf die Wage legen.

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  • 2 weeks later...

New here

Great thread for a difficult subject.I have some interest in Metorex--whose shares have been pretty stagnant due to various underlying issues in the DRC--esp the CRC intrigue and also the review of contracts(?resolved)

My questions relates to CRC --and also the villains and heroes gallery in the Congo(I like to think of Metorex as a hero , but I suppose in that cut - throat place there are no true heroes!)

-Seems CRC as a resource is extremely popular.Did metorex pay too much?

-will the 51% give MTX enough say to make the final decisions?

-is camec "clean" in other words not tinged with fraud and hidden motives?

-do Camec have any links with Glencore - or do Glencore own Camec shares?

-What is Glencores role in this hole brawl?

Will appreciate some feedback

Will try to post info from a Soth African perspective from time to time

 

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  • 3 weeks later...
What a name:

http://www.greenmachinecorp.com./ir_pr.html

 

-In May 2008 the board intends to seek a listing on a UK stock exchange.

- It is projected that the Company will be in full scale exploration on its DRC assets by late 2008.

 

Obliged to stop it activities in the DRC as a seller of concentrate, last year

 

 

wie bist Du denn auf die gekommen?

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http://www.china-sun.cn/English/Aboutus.asp

 

Capital Resource Funding Reports Positive Response From Visit by the Embassy of the Congo Government

-Discusses Government Investment in African Congo Project-

 

http://www.china-sun.cn/English/shownews.a...172&click=1

 

http://www.reuters.com/finance/stocks/overview?symbol=CSGH.F

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wie bist Du denn auf die gekommen?

 

Naja, die haben sich selber ausgegoogled.

Hatte die letzte 2 Tagen zeit, und habe die Anfang gemacht alle "Mine Sites" in Katanga auf GOOGLEMAPS zu Enten

Die thread heißt vorläufig "CAMEC - 19 Operations" , wenn man in "SucheOptionen" "Durch die -gebruiker gemaakte content-" wählt...

Probiere mal mit "Kipoi" sollte schon klappen, aber es bleibt noch viel Arbeit: "Content" und die "Gecamines Pits?"

 

 

 

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http://seekingalpha.com/article/79597-hans...-small-mid-caps

 

Hans Peter Schmidlin on Gold: Opportunities in Small, Mid Caps

by: The Report posted on: June 01, 2008

 

HPS: I also look at Moto Goldmines Ltd. [TSX:MGL], which is in the Congo. This is a country with a huge amount of reserves and resources – Moto Gold could reach more than 20 million of resources. The political situation is certainly not that secure, but they just fixed all agreements new, and that could be a takeover candidate sooner or later.
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