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ICS Copper Systems (TSX.V: ICX)


► Online Mining and Resource Conference (September 26th.)


POINT ROBERTS, WA and DELTA, BC--(Marketwire - August 29, 2007) - www.InvestorIdeas.com, and its mining portals update its list of participants for the upcoming online mining & resource conference, free for investors following the sector. This online event taking place on September 26th, 2007, builds upon the highly successful spring conference which combined presentations from 28 public companies and 6 leading industry experts to create the largest online conference of its kind. The upcoming 'Mining for Money' conference will provide the global mining story and opportunities for investors, as experts and participating companies discuss gold, silver, copper, uranium, diamonds and other key segments within the resource sector.


The format for the online conference will consist of audio and visual presentations averaging 15-20 minutes in length. Investors can register at: http://www.investorideas.com/forums/Register.aspx Investors please make note that the live date has been changed from September 19th to September 26th.


ICS Copper Systems Ltd. (TSX VENTURE: ICX) aspires to become a major African mining company centered on the copper belt of Democratic Republic of Congo (DRC) and Zambia. ICS holds an option agreement to acquire up to 80% of the Mokambo Copper mine in Zambia, an option agreement to acquire 76% of the Musoshi Tailings in DRC and an option agreement to acquire 73.5% of a group of four mining concessions in DRC covering 5,366 "DRC carres" or 4507 square kilometres, plus Joint Venture agreements in which the company holds a 77% equity interest in mining properties in DRC covering 96 sq kms.


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? or July 17th as stated on website

(RNS 31/08/07: TVR 349,751,248 from today)


At last more news on Katangan projects, Shinkolobwe is well known

- DRC Resource drilling starts mid-DEC till MAY-08

- Final Resource statement MAY-08



- Copper-Cobalt deposit

- Exploratory drilling and mine development

- Mineralisation at 20m below surface

- >1,000ppm U3O8 maximum grade approx 10,000ppm



- U3O8-Copper-Cobalt deposit similar to Shinkolobwe

- Historical drilling and trenching with grades up to 30,000ppm


South Africa- Waterval:

- Average 1,500cps (= approx 1,500ppm, readings between 500-6,000cps)

- Inferred Resource in Q3-2007 (drill program from JULY till SEP)

- Potential for 10-21M/lb U3O8* and 6-11M/lb Mo (Moly at $32.25/lb)

* Futures U3O8: JAN 08 = $80 JULY 08 = $85; DEC 08 = $85


-$30m Cash in hand (and not in ABS I hope)

*Nothing in this presentation on S-Sudan's intrusive pegmatites



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Business Wire - Press Release

Leading Metals & Mining Companies to Present to Investors in New York City

08.31.07, 12:24 PM ET



IncreMental Advantage announced that the following companies will present at its Metals & Mining Investment Conference in New York City on September 6, 2007:


-- Advanced Explorations Inc.


-- European Minerals Corporation


-- European Diamonds Corporation


-- Arian Silver Corporation


-- Golden Odyssey Mining, Inc.


-- Gold Reef International, Inc.


-- Paramount Gold and Silver Corp.


-- ICS Copper Systems Ltd


In addition, renowned authorities such as George Milling-Stanley, Manager, Gold Market Analysis, World Gold Council and Philip Gotthelf, CEO, Equidex Trading Group will present.


"We are delighted to have such a dynamic line-up of speakers present at our Metals & Mining Conference on September 6. We strongly encourage institutional investors, high net-worth investors, stock brokers, investment bankers and members of the financial media to listen to presentations delivered by the senior management teams of promising mining companies," said David Wanetick, Managing Director of IncreMental Advantage.


A limited number of complimentary passes will be issued to members of investment clubs and organizations.


About this Conference:


This conference presents a unique opportunity to listen to senior executives from gold, silver, copper, and uranium mining companies to deliver company presentations. Industry spokesmen will also deliver industry presentations on the Gold and Silver markets as well as trading strategies.


Further information about this conference is available at www.incrementaladvantage.com/conferences or by contacting Neomi Barazani at 609-919-1895 ext. 100 or Neomi@incrementaladvantage.com.


About IncreMental Advantage: IncreMental Advantage is a think tank that publishes breaking research developments on issues ranging from advertising to water utilities. Our research is highly regarded among institutional investors and senior executives from all over the world. The world's largest companies sponsor and send their senior executives to our conferences. Our research and events are dedicated to helping senior executives and institutional investors achieve "IncreMental Advantages" in their fields of expertise. Visit IncreMental Advantage online at http://www.incrementaladvantage.com.



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Camec reiterated yesterday that it believed the decision was part of a coordinated attack on its share price and its bid for Katanga.




These A55hole:


Victor Kasongo, the Deputy Mines Minister, told The Times that the Justice Ministry’s action was motivated purely by “cleaning up the country”. He said: “It is our responsibility to put order to this country. We are not targeting Camec’s share price, it’s not in our interest to do that. If they want to take us to court to clear this all up, then that is fantastic
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Further Statement by DRC government on mining contracts

Thursday , 30 Aug 2007


The government of the Democratic Republic of Congo (DRC) made a statement today in the light of comments on the withdrawal by the Public Prosecutor of mining licences from concessions belonging to Boss Mining [now owned by Central African Mining and Exploration, CAMEC] and Savannah Mining.


The action was taken by the Public Prosecutor in parallel with the review process. His decision follows from a concern raised by the Governor of Katanga Province that Mukondo Mining has been in standstill for more than 16 months and this fact is seriously prejudicial to the province and the State of Congo. An ongoing inquiry demonstrated that licences PE2589 referring to Mukondo and PE469 referring to Boss are invalid and the processes in obtaining them improper. Therefore the Public Prosecutor cancelled the licences, bringing Gecamines and the other parties back to the starting point.


It was thus a decision by the DRC legal authorities.


The Government has taken note of this decision and has endorsed it.


There has been a suggestion that the Public Prosecutor has no role in the withdrawal of licences. This would be true in the case of valid licences. But in the current situation, the action of the Prosecutor was based upon the fact that the licences themselves were invalid.


CAMEC and Savannah Mining may seek licences for these or other concessions. Such applications must go through the correct procedures, and require full compliance with the Mining Code.


As regards the review of licences, Martin Kabwelulu Labilo, Minister of Mines, said: ‘The process of reviewing all DRC mining contracts is now well advanced. The review is going well and the government is confident that very many reputable companies will receive a completely clean bill of health.


"Some companies may not. In other cases, some renegotiation or adjustment of contracts may be appropriate.


"The end result will be a constructive working partnership between the DRC and the mining industry, based on internationally acceptable standards of transparency and corporate governance and embodied in the country's Mining Code.

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Brain Drain :Tanzanian engineers fleeing into DRC and...


Flight of engineers paralyses development

By Darius Mukiza (12/09/07)


Many quality, disciplined and seasoned engineers are fleeing the country in search of green pastures in the Democratic Republic of Congo,

Lesotho, Mozambique, Namibia and Botswana literally crippling engineering development of the nation\'s various sectors...



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Uganda's Kilembe Mines Ltd (Copper-Cobalt-Gold) on the market (12/08/07)


KAMPALA, UGANDA — The Uganda government has commenced the sale process of the country’s largest mining concern, the Kilembe Mines Limited (KML) in western Uganda.


The terms of reference for a consultant who will advise on the divestiture process of the multi billion dollar copper mine have been drawn up and were completed last week.

A source at KML told East African Business Week that advertisements will be placed in both local and foreign media for consultants to express interest.

KML’s divestiture comes at a time when the price of copper on the world market has shot up from US$150 a tonne in 1975 to $6,500 a tonne today.

The mines are located more than 400 kilometres south west of the capital, Kampala.


The mines were sold to the Uganda government (99.9%) in 1975 by Canadian mining firm Falconbridge at the height of Uganda's economic meltdown under the Idi Amin regime. At the time, Falconbridge threw in the towel because of rising inflation and security fears after only 16.3 million tonnes of copper had been mined.


Some 4.1 million tonnes of proven copper reserves have been lying un-exploited for 25 years now and that is the real subject of the sale given the rising copper prices at the world market. Interestingly the 4.1 million tonnes were curved from 400 acres which are part of 3,200 acres rock area said to be rich of the lucrative mineral.


“The land area that has so far been mined as well as the 4.1 million deposits is just 400 acres, it is not even a quarter of the land area that was prospected,” Mr. Fred Kyakonye Weraga, KML’s general manager told East African Business Week that the latest survey indicated that a further 600 square metres contained copper bearing rocks.


At the current world market price 4.1 million tonnes is worth over US$1.2 billion but the good news for any prospective investor is there is potential for not only copper but also cobalt and gold. With the everr increasing construction and industry needs of China, India and the Middle East, demand for copper has shot up astronomically.


While no exploration has been done to quantify the amount of copper contained in 2,800 hectares deposit area, it is an indication of the potential of the Great Rift Valley. This area, bordering the Democratic Republic of Congo, is home to the Albertine Graben which has over 40 huge proven mineral deposits including oil and gas.


► Weraga said that over 20 firms have showed interest in buying the mine. Some of the interested companies include one of the largest copper buyers from Japan, the largest copper recovering company from Russia as well as Heritage Oil and Gas, one of a number of companies prospecting for oil in the Albertine basin. Some of the entities interested in Kilembe, include, the former directors of Falconbridge (recently bought by Swiss-based mining group Xstrata).

Since 1992, KML has received no government support as the company was forced to become fend for itself...




Kilembe Mines Ltd. has held the property since 1975. Previously, Falconbridge Ltd. worked the mine and between 1956 and 1977, the mine produced over 16,000,000 tonnes of ore grading 1.98% copper and 0.17% cobalt.



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CONGO-K Sofreco Contract: FORTIN STILL ON BOARD (22/08/2007)


A “misunderstanding” of sorts continues to prevail between Sofreco, the French firm contracted to put Gecamines (GCM) back on track, and the government agency Comite pour le Pilotage de la Reforme des Entreprises Publique (Copirep) even though Sofreco’s contract was renewed by Congo-K’s government on July 20. The agreement between the French consultancy and Copirep was to have run out on Aug. 17, and it was renewed for 12 months under the same conditions. Except that Sofreco made it abundantly clear it wasn’t ready to continue its assignment if Paul Fortin, a Canadian lawyer appointed by the firm to act as GCM’s managing director, remained at the helm.


► And indeed, he does. Fortin has shaken off Copirep’s authority during his tenure and taken decisions the firm claims went against its orders. These included signing a partnership agreement between GCM and United Resources AG headed by Rebecca Gaskin Gain for the Kipushi project; settling GCM’s debt to Euyler-Hermes-Krupp without an adequate discount and without negotiating the repayment; and certain sub-contracting deals between GCM (with Somika) and the like.


Fortin, who enjoys a lot of support with Copirep, was fired by Sofreco on Feb. 28 but was subsequently “re-hired” by the firm under pressure from the Kinshasa authorities. To keep his job, Fortin argued he had been named by “presidential decree” (law no. 78002) and could only be relieved of his post by another decree. At latest news, Fortin is continuing to act as a “loose cannon” despite the fact Sofreco has refused to recognize his signature since Feb. 7. In late July he was in Switzerland to undertake negotiations with several banks. In 2006, Fortin won a USD 60 million loan from China’s COVEC (in return for a partnership on the Luisha project) without mentioning it to Sofreco. Officials from the French firm, who want to see a successful outcome to their mission to revive GCM, were to have met with president Joseph Kabila on Aug. 5 to attempt to resolve the Fortin issue. The death of the president’s security adviser, Samba Kaputo, in South Africa on Aug. 1 and the day of national mourning when he was buried on Aug. 6 in Kinshasa, resulted in the Sofreco/Kabila meeting being put back to September. Fortin could not be contacted when this article was written (see our web alert on July 23).


© Copyright 1982-2007 Indigo Publications. Reproduction prohibited (photocopy, Intranet, web, etc.) without written permission.



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DRC commission to ask for extension for mining review



The commission that is charged with reviewing 60 mining contracts in the Democratic Republic of Congo will ask for a three month extension to complete the research.


According to Epiphane Zoro Bi, the DRC director of the Carter Center, the commission had its first meeting last weekend to assess the work it has already completed. The US-based Carter Center is overlooking the process to ensure that it is fairly carried out. He said half the contracts had been reviewed.


At the meeting, the delegates decided to ask the government of President Joseph Kabila for a three month extension, Mr Zoro Bi said. The review is looking at 60 contracts negotiated by international mining companies before President Kabila’s election in 2006.


The checks for contractual irregularities began on June 11 and were initially scheduled to be completed within three months but the extension request had been anticipated.

DRC state-owned mining giant Gecamines is a party to 51 of the contracts with diamond miner MIBA involved in six and gold producer OKIMO partner in the other three.


A spokesperson for the DRC’s public prosecutor office said he expects the first tranche of results from the review to be released at the end of this month.

(September 4, 2007)

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Simberi Grants Extension to Period for Completion of Amari Due Diligence


TORONTO, ONTARIO, Sep 04, 2007 (MARKET WIRE via COMTEX News Network) --


Simberi Mining Corporation ("Simberi"), (TSX VENTURE: SAU) announces today that it has agreed to extend by an additional 60 days, the due diligence period set out in clause 3.5 of the Earn-In Agreement with Amari Holdings Ltd ("Amari"). As envisaged in the Earn-In Agreement between Simberi, NCDRC, PTM and Amari signed in July 2007, Amari has requested this extension due to the complexities of dealing in the Democratic Republic of the Congo. As such, Amari will have a total of 120 days from the Effective Date to complete its due diligence.



Seems, the Mining Reviewing Process in the DC is toxic for the most of all mining stocks there at the moment.....

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TAKE OVER OF New World Alloys Limited (NWA.ASX) BY Sino-Asia Mining and Resources plc (SAMR)

AIM-LONDON listing by mid October under the name of Congo Copper Corporation plc.

Nova Mining SPRL = Blister smelter

Macro Mining SPRL = Copper & Cobalt Smelter Project + Exploration Licence Applications + 80% Phoenix Resources (Exploration Licences)


The Directors of New World Alloys Limited (NWA) are pleased to advise that a meeting of shareholders of Sino-Asia Mining and Resources plc (SAMR) was held on Monday 20 August 2007 at which the shareholders of SAMR approved the proposed transaction to purchase NWA’s assets in the Democratic Republic of Congo and the change of name to Congo Copper Corporation plc.


Under the Agreement, NWA will transfer its interest in two of its subsidiaries, Nova Mining SPRL (Nova) and Macro Mining (Macro) (which in turn owns 80% of Phoenix Resources) for the issue of 166,666,667 shares in the capital of SAMR at a deemed issue price of 2p each (Consideration Shares). SAMR have already raised some GBP₤2.2m and intends to seek admission to the Alternative Investment Market in London (AIM) around mid October.


On or before Settlement, NWA will enter into an exploration joint venture agreement (with Phoenix and Macro) in respect of the exploration licences held by Phoenix (Exploration Licences) and exploration licence applications held by Macro (Exploration Licence Applications). Pursuant to the joint venture agreement, NWA will retain a 30% interest in the Exploration Licences and Exploration Licence Applications and will fund 30% of all expenditure incurred in respect of the Exploration Licences and Exploration Licence Applications.


SAMR will use the funds raised referred to above to bring the 3 copper cupolas owned by Nova back into production, to carry out initial investigation of the Exploration Licences and Exploration Licence Applications and to fund investigation of on-site concentration of lower grade oxide ores.

Following Settlement Mr Ian Cornelius and Mr Gerard Zytkow will be appointed to the Board of SAMR representing NWA.





Background of the Congo Assets

-Nova operates and is the legal and beneficial owner of certain industrial land and plant located in Lubumbashi in the DRC. These include three copper cupolas and allied equipment necessary for the purchasing, transporting, smelting and general processing of copper ores (Copper Cupolas).

-Phoenix is the legal and beneficial owner of certain exploration licences including PR no: 7427 and Carte 59/29 of 117 carres located in Haute Katanga, DRC (Exploration Licences). Macro is the legal and beneficial owner of a number of exploration licence applications (Exploration Licence Applications).

-Nova, Phoenix and Macro require funding of US$2 million in order to bring the Copper Cupolas back into production, to carry out initial investigation of the Exploration Assets and to fund investigation of on-site concentration of lower grade oxide ores (together, the Operations

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THE Walvis Bay Corridor Group has decided to expand its business to central Africa and will lead a delegation to Lubumbashi towards the end of the month in a bid to boost trade volumes on its routes.


WBCG Business Development Executive John Smith yesterday said the visit is an information event to inform importers and exporters in the Katanga Province of the Democratic Republic of the Congo of the Port of Walvis Bay and the Walvis Bay-Ndola-Lubumbashi Corridor as an alternative route for imports and exports from and to the region.


The delegation will consist of logistics service providers such as freight forwarding, logistics operators, transport operators, shipping line, the NCCI and Namport.


The WBCG last year launched an aggressive marketing campaign to create awareness and inform potential and new customers of the port of Walvis Bay as a reliable and cost-effective alternative.

"Since then we have seen a lot of growth, especially on the Trans-Caprivi Corridor route, which links the port of Walvis Bay via the Zambezi Bridge into Zambia and eventually linking up with the DRC into Lubumbashi," said Smith.


Of great interest to WBCG is the current development in the Lubumbashi area with respect to mining developments and reconstruction.

Smith said during the past year the Trans-Caprivi Corridor had grown by more than 140 per cent in cargo throughput.

"The WBCG will utilise this opportunity also to assess the market and look for possible partners in developing trade between Namibia and the DRC," said Smith.


Copyright © 2007 The Namibian (5/09/07)


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Are in Angola? It's the next hot spot, even hotter then the DRC as it's just opening up to foreign companies...



Lets make a Angola Club Thread?...and one for Zimbabwe too??? ;)





Moto Goldmines Issue of Equity



Banro drills 192.8 m of 2.84 g/t Au at Lugushwa


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60 x Reviewing in DRC... here all:




1. Protocole d’Accord de création d’une Joint-venture EMK-Mn et OPL.


2. Statuts de MDDK, mines d’or de Kisenge, Scarl.


3. Convention Minière entre la RDC et EMK-Mn et Cluff Mining Limited.


4. Protocole d’Accord préliminaire de création d’une Joint-venture EMK-Mn et





1. Contrat de création de société entre la Gecamines et EXACO Sprl pour l’exploitation

des gisements de Kalumbwe et Nyunga (Juillet 2001).


2. convention de joint-venture entre la Gecamines et KINROSS-FOREST Ltd relative à

l’exploitation de la filière LKAMOTO/mines - DIMA-KAMOTO/constructeur –

Usines Hydrométallurgiques de Luilu (Février 2004).


3. Contrat de création de société entre la Gecamines et les Entreprises Swanepoël pour

l’exploitation du gisement de CHABARA (Novembre 2005).


4. Contact de création de société entre la Gecamines et SALREF CONGO pour

l’exploitation du gisement de Mutanda ya Mukonkonta (mai 2001)


5. Convention de joint-venture entre la Gecamines et Global Entreprises Corporate Ltd

relative à l’exploitation de la mine à ciel ouvert de KOV et des gisements de Kananga

et de Tilwezembe (sept 2004)


6. Contrat de création de sté entre la Gecamines et la société Western Mininge relatif à la

prospection et à l’exploitation des gisements de kasombo (nov 2005).


7. Convention d’actionnaires amendée et reformulée ente la Gecamines et Lundin

Holdings Ltd, CHUI Ltd, FARU Ltd, MBOKO Ltd, MOFIA Ltd, TEMSO Ltd (sept



8. Contrat de création de la société entre la Gecamines et AVCO Sprl relatif à la mise

valeur du polygone de Kasonta-Lupoto (oct. 2002).


9. Contrat de création entre la Gecamines et CHINA NATIONAL OVERSEAS

ENGINEERING CORPORATION raltif à l’exploittaion du gisement de MUSONÏE

GLOBAL (Nov. 2005).


10. Contrat de création de société entre la Gecamines et l’Entreprise H&J Swanepoël

Famille Trust pour l’exploitation des gisements de Kalukundi (Fév. 2001).


11. Contrat de création de société entre la Gecamines et East CHINA CAPITAL

HOLDINGS Ltd relatif à la prospection et à l’exploitation du gisement de Shitureu

(Juillet 2005).


12. Contrat de création de société entre la Gecamines et CONGO MINERALS pour

l’exploitation du gisement de l’Etoile (Sept 2000).


13. Contrat de création de Ruashi Mining entre la Gecamines et Cobalt, Metals compagny

Limited pour la valorisation des gisements de Ruashi (Juin 2000) .


14. Contrat d’association portant sur un projet d’industrie minière, Rejets de,

Kingamyambo, Valée de la Musonoï et Kasobantu entre la RDC, la Gecamines et

Congo minera et Developments Ltd.


15. Accord de Joint-venture entre OMG B.V., la S.A Groupe Georges Forrest et la



16. Contrat de création de société entre la Gecamines et l’Entreprise Général Malta

Forrest dans le cadre du développement de certains gisements.


17. contrat de création de société entre la Gecamines et LEREXCOM Sprl relatif à al

prospection et à l’exploitation du polygone de Tondo (Nov. 2005)


18. Accord de création d’une entreprise commune entre la Gecamines et MELKIIOR

RESSOURCES, Inc pour l’exploitation des gisements de Kabolela et de Kipese dans

la zone centre –Est (Nov. 1999).


19. Contrats de création de société entre la Gecamines et l’Entreprise Minière de Kolwezi

pour le traitement des rejets de Mutoshi (Janvier 2001).


20. Contrat entre la RDC, la Gecamines et Congo Investisment corporation, pour la

création de la congolaise des mines et de Développement (Fév. 2002)


21. Agreement for the Formation of a Joint venture company between la Gecamines and



22. Contrat d’association entre la Gecamines et United Ressources AG (fév. 2007).


23. Acte constitutif de la société congolaise pour le Traitement du Terril de Lubumbashi,

STL Sprl (Sept 1999) entre GTL, GECAMI ?ES, Groupe GEAORGE FORREST et



24. Statuts de boss Mining Sprl créée entre Gecmines et SHAFORD CAPITAL ltd

(Janvier 2005).


25. Statuts de la société « MUKONDO MINING Sprl » entre Sté KABABANKOLA



26. Contrats de création de société entre la Gecamines et les Entrepises Swanepoël pour le

traitement des rejets du basin de l’usine à zinc de Kolwezi (Nov. 2005).


27. Contrat de création de société entre la Gecamines et CHINA NATIONAL

OVERSEAS ENGINEERING CORPORATION relatif à l’exploitation du bien (Mars



28. Acte constitutif entre la Gecamines, la société George Forrest International Afrique

Sprl et la Société Nationale des Chemins de fer du Congo, SNCC.


29. Avenant au protocole d’Accord intervenu le 1 décembre 1979 entre la Gecamines et


NB : Contrats non transmis à ce jour.


30. SOFIDE, Société Financière de Développement (contrat non disponible).


31. PZCE (Prospection de la Zone Centre Est).




1. Protocole d’Accord entre la MIBA et DE BEERS CENTENARY AG.


2. Protocole d’Accord entre MIBA et DGI MINING Ltd.


3. Protocole d’Accord entre MIBA, NIJNE-LENSKOYE et 1&L CANADA Ltd.


4. Protocole d’Accord entre MIBA et INDO AFRIQUE MINING.


5. Protocole d’Accord entre la MIBA et BHP SILUTON WORD EXPLORATION ING.


6. Protocole d’Accord entre la MIBA et ELEMENTAL MINERALS Ltd.




1. Contrat d’Assistance Technique et Financière BORGAKIM MINING Sprl.


2. Protocole d’accord sur le projet aurifère MOTO dans la concession nord de Kilo-Moto



3. Contrat d’amodiation OKIMO – KIBAU GOLD Sprl.


4. Contrat d’amodiation OKIMO – GORUMBWA MINING.


5. Contrat d’amodiation OKIMO – MWANA AFRICA HOLDING.


6. Contrat d’amodiation OKIMO – BORGAKIM MINING Sprl.


7. Contrat d’amodiation OKIMO – AMANI GOLD Sprl.


8. Contrat d’amodiation OKIMO – TANGOLD Sprl.


9. Contrat d’amodiation OKIMO – BLUE ROSE.


10. Convention Minière entre la RDC et KILO MOTO MINING INTERNATIONAL,



11. Contrat d’amodiation OKIMO – RAMBI MINING (10ex)




1. Contrat d”amodiation entre SAKIA et la société D.F.S.A. Mining Congo “DMC” Spd.


2. Contrat d’amodiation entre SAKIMA et GEMICO « La Générale des mines a Congo).


3. Contrat d’amodiation entre SAKIMA et le Groupe Minier BAGANDULA, GMB.


4. Accord préliminaire entre la SAKIMA et SUMMERVALE OVERSEAS LIMITED

relatif à l’exploitation des ressources et réserves minérales des sites de Kails – Kalima

– Moya – Ona – Tshamoka – Saulia et Lulingu en RDC.


5. Contrat de partenariat et de gestion de SAKIMA par CAR (N.B. Transmis par CAR et

non par SAKIMA).




1. Protocole d’accord entre SODIMICO et EGMF et Acte constitutif de MMK.


2. Contrat d’entreprise entre SODIMICO ET SOCOMIE.


3. Contrat de location des citernes SODIMICO – MUYAFA CONGO Sprl.


4. Contrat SODIMICO – KGHM.






Total 60 contracts

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Gee-Ten Ventures Acquires Option to Extract Methane Gas and Generate 50 MW/H of Electricity From Lake Kivu in Rwanda (Sep 04, 2007 15:43 ET)

! Malcolm Swallow = LaQuinta



LAVAL, QUEBEC--(Marketwire - Sept. 4, 2007) - Gee-Ten Ventures Inc. ("Gee-Ten" or the "Company")(TSX VENTURE:GTV) announced today the acquisition of an option to acquire all of the issued and outstanding shares of Lake Kivu Energy (Canada) Inc, a corporation which, through its Rwanda based subsidiary, has entered into a memorandum of understanding (the "MOU") with the Government of the Republic of Rwanda to develop a project of methane gas extraction for electricity production.


Rwanda shares with the Democratic Republic of Congo a major potential source of untapped energy in the form of methane gas, which is dissolved in the deep waters of Lake Kivu (2400 sq km) which straddles the border of Rwanda and DR Congo, in the west of Rwanda. The Lake is unique, in that its deep waters contain an enormous quantity of dissolved methane gas at depths below 250m. The presence of methane in commercial quantities in the waters of the lake has been acknowledged in a number of reports prepared on behalf of the government of Rwanda and international institutions such as the World Bank and the European Union.


Since 1994, Rwanda has developed a stable form of government, in a framework of a presidential republic, whereby the President of Rwanda Paul Kagame, is both head of state and head of government, in a multi-party system. Legislative power is vested in both the government and the two chambers of parliament, the Senate and the Chamber of Deputies led by the Prime Minister, Bernard Makuza, who is appointed by the President. On 5 May 1995, the Transitional National Assembly adopted a new constitution which included elements of the constitution of 18 June 1991 as well as provisions of the 1993 Arusha peace accord and the November 1994 multiparty protocol of understanding. Rwanda is the most densely populated country in Africa with a total population of 9.9 million and a growth rate of 2.7% per annum and has a massive energy shortfall mostly made up by the use of imported oil and the burning of wood.


Twenty five years after the original Lake Kivu gas discovery (in 1937), the first extraction and purification pilot plant was established at Cape Rubona in Gisenyi province in Rwanda in 1963. The Cape Rubona plant, designed and constructed by Union Chimique Belge, (U.C.B.) was intended to operate as an experimental pilot plant with a life expectancy of 10 years. Cape Rubona was located 3 Km from the local Brewery, Bralirwa, which converted one of its boilers to use gas as a combustible to replace the imported fuel oil. This is still operating and consumes and pays for 5,000 cubic meters of purified 80%methane gas per day; the total production of the existing plant. The Rubona plant has now operated on a commercial basis for almost 40 years powering the brewery and provides a valuable resource of operating data for the construction of a commercial power generation operation in the shortest possible timescale.


The last major energy study carried out in 1996, listed Rwanda's national electricity production as 72.2GWh, which covered less than half of the total in country electricity consumption of 154.74GWh; the reminder being imported. This represents approximately 1 % of the total energy consumed in Rwanda, the bulk of which is provided by burning hard woods, or the importation of high cost petroleum products, costing up to 40% of the balance of payments of Rwanda today. The current electricity shortfall for Rwanda is estimated as "in excess of 1,000 Gwh/annum". As a consequence the Government of Rwanda has established UPE GAZ - a State Agency to promote the development of the Gas resource in Lake Kivu (http://www.upegaz.gov.rw/)


Under the current MOU, Kivu Lake Energy Corporation, has the right, subject to the signing of final agreements, to obtain a gas concession for the extraction of methane from Lake Kivu for the production of up to 50 MW of electricity over 25 years. The national utility of Rwanda will commit to purchase all of the production, on a take or pay basis at the plant's gate. The Company will not be responsible for the building or maintenance of the infrastructures which may be necessary for the distribution of the power. Gee Ten is currently assembling an engineering team to review and design the processes for the earliest possible extraction of the gas and generation and sale of electricity and to establish the long term economic viability of the project.


► Malcolm Swallow P. Eng, a director of the Company, said: "We are delighted to have obtained the rights to this exciting project with such enormous upside. We believe that Gee Ten could be producing energy from Lake Kivu within two to four years and this will replace much of the energy currently consumed in the Republic of Rwanda and generated from the burning of diesel fuel currently sold at rates in excess of $0,20 per kwh. Being able to exploit the gas contained in the Lake will enable the production of electricity at a lower cost and in a much more environmentally friendly way and the existing data base of information provided by the Rubona plant and the prior studies by the EU and others, further mitigates the risks in this project."


Subject to the approval of the TSX Venture Exchange and of the Gee-Ten shareholders, the option to purchase all the shares of Lake Kivu Energy (Canada) Inc, which owns the underlying MOU with the Rwanda Government through its Rwandan subsidiary Kivu Lake Energy Corporation, can be exercised by Gee-Ten within 30 days of the general annual meeting of its shareholders, which shall be held no later than November 30, 2007. As consideration for the exercise, the Company shall issue an aggregate of 17 million shares of its capital to the vendors, entities controlled by Mr. Michel Delisle and Mr. Sebastien Plouffe. Both Mr. Delisle and Mr. Plouffe are currently dealing at arm's length with the Company. They are however expected to become insiders of the Company if the option is exercised and they will each be entitled to appoint one nominee to the board of directors of the Company for a duration of five years. This option was acquired for an aggregate consideration of $200,000 and no finders fees are payable.




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AfricaDownUnder Conference 6-7 Sept 07


David Frances, Managing Director, Mawson West Ltd “Mawson West/Central Africa Resources’ focus on copper in Central Africa”

Bill Turner, Managing Director, Anvil Mining Ltd “Anvil – Strong expertise and presence in the Katanga Copperbelt”

His Excellency Moise Katumbi, Governor, Province of Katanga, DRC

Christophe Asselineau, Solicitor, Head of the Paris Projects and Energy Group, Simmons & Simmons “The Democratic

Republic of Congo: At last, a country where one still does not need lawyers”



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Scandale minier, Sauvetage de la Gecamines : le courage politique s’impose


Ridiculous article, Gecamines has up to 40 or 50% free carried interest in some of these companies

So the state has to run them again! Evo Morales alike?

These journalists should be grateful somebody wants to redevelop their country

Although not everyone is that stupid, some are more responsible and know what matters



Large-scale and Artisanal Mining in Katanga Workshop (Lubumbashi Date:November 2007)


DRC is endowed with abundant mineral resources that can serve as a vehicle for economicgrowth and poverty reduction. However, to harness this potential, DRC has many challenges ahead. DRC will serve as a litmus test for whether natural resources serve as a curse or as a blessing for local development and social cohesion – specifically it will show whether large and small-scale miners, with support from government, civil society and donors, can collaborate to reduce poverty and improve sustainable livelihoods. As such, DRC and in particular the Katanga Province, has become a focal point for the World Bank Group (WBG), in terms of investment and advisory services opportunities in the mining sector. In order to maximize these opportunities, a number of important issues need to be addressed


Among these issues, two important constraints to the development of mining investments are (i) existing or potential conflicts related to artisanaland small-scale mining (ASM) activities on and around large scale mining properties, and (ii) a presently poor infrastructure. The WBG (namely OGMC Department and PEP Africa, CommDev) and CASM intend to hold a conference which would bring together the various stakeholders in Katanga, to discuss • the inter-relatedness of large-scale mining investments and artisanal mining including practical solutions for conflict management, property invasion, co-existence of both forms of mining, formalization of ASM, support to community development and the generation of alternative livelihoods (including local supply chain development), and enforcement of the mining code • the improvement of infrastructure

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