Posts tagged "Democratic Republic of Congo"

ENRC ends long-awaited governance review; CEO and chairman stay on

London-listed miner ENRC has ended its long-awaited governance review, confirming both the chairman and CEO in their roles as part of a trimmer board that it hopes will revive its underperforming shares.

See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=136466&sn=Detail&pid=92730.…
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Glencore: the monster has landed!

The world’s biggest commodities’ trader has “gone public” on the London and Hong Kong Stock Exchanges, following the conditional issue of shares to its so-called “cornerstone investors” over the previous week.

Glencore has leapt straight …
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DRC wikileak reveals a uranium scandal: UK company put in the spotlight

One of the most explosive wikileaks published late last year escaped the attention of many in the international media – though it was quite widely covered elsewhere, as in this article by Julio Godoy of …
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LMN and other NGOs call to halt BHP Billiton’s Congo aluminium smelter

Fourteen African and other civil society organisations, including London Mining Network, have called on BHP Billiton to halt its plans to construct a US$5 billion aluminum smelter, and co-fund a $3.5 billion hydropower project, in …
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Congolese victims strike Anvil in Canada

A class action suit has been filed in Canada against a domestic company, accused of complicity in one of the worst recorded atrocities of the recent bloody conflicts in DR Congo.

It is alleged that, …
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Congo Says Talks With BHP Billiton on Inga 3 Power Plant Are Very Advanced

The Democratic Republic of Congo’s government is in “very advanced” talks with BHP Billiton Ltd. on the Inga 3 hydropower project, as the world’s biggest mining company seeks electricity for a possible aluminum smelter.
Congo …
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ENRC to pay $670m to expand Brazilian iron ore presence

London-listed Eurasian Natural Resources Corporation Plc has been on a takeover spree over the past year, using its cash pile to buy assets mostly in Africa to build up a broad-based mining house focused on …
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DR Congo nationalises one of its largest copper mines

Canadian and UK companies go head-to-head over deal

The “spat” between two foreign mining outfits, over which  should control one of DR Congo’s most important copper lodes, has escalated – to the point that one …
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Hello, I’m a Mac, and I’m a PC – Here’s how I help fuel the world’s deadliest conflict

Hello, I’m a Mac, and I’m helping fuel the war in the Congo — currently the deadliest conflict in the world. So are PCs, cell phones, digital cameras and other consumer electronics. That’s what Apple’s …
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Huge DR Congo gold mine to open, displacing 15,000

London-listed mining firm Randgold Resources says it is to begin mining Africa’s largest undeveloped gold deposit – in eastern DR Congo. The mine will require the re-location of 15,000 people, but Randgold says the project …
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Global Witness takes UK government to court for failing to list UK companies trading Congo conflict minerals for UN sanctions

The British government is acting unlawfully in refusing to put forward eligible UK companies and individuals trading in Congolese ‘conflict minerals’ for targeted UN sanctions, said campaign group Global Witness in an application to the …
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UN Security Council must act to stop mineral trade fuelling Congo war

Delegates from the UN Security Council visiting the Democratic Republic of Congo must act decisively to prevent natural resources fuelling conflict, said campaign group Global Witness.

See http://www.globalwitness.org/media_library_detail.php/968/en/un_security_council_must_act_to_stop_mineral_trade_fuelling_congo_war.…
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