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Dikuluwe Mine
The Dikuluwe Mine (French: ''Mine de Dikuluwe'') is a copper and cobalt mine near Kolwezi in Lualaba Province of the Democratic Republic of the Congo. Dikuluwe is the westernmost of the Dima Pit group, with Mashamba West and Mashamba East. The quarry was opened in 1975 and was planned to be connected to the nearby Mashamba West pit. The combined Dikuluwe and Mashamba West deposits are now run by La Sino-Congolaise des Mines SA (Sicomines), a joint venture majority owned by a Chinese consortium, with Gécamines holding a minority stake. Katanga Mining had the license to mine copper ore in the mine, but was not planning to open it for production until 2023. Sicomines reorganization On September 17, 2007 a memorandum of understanding was drawn up between a Chinese consortium headed by China Railway and the Congolese state, represented by Pierre Lumbi. This agreement concerned $6.565 billion in infrastructure, but did not specify the amount of investment in the mining concessions. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cuprite
Cuprite is an oxide mineral composed of copper(I) oxide Cu2O, and is a minor ore of copper. Its dark crystals with red internal reflections are in the isometric system hexoctahedral class, appearing as cubic, octahedral, or dodecahedral forms, or in combinations. Penetration twins frequently occur. In spite of its nice color it is rarely used for jewelry because of its low Mohs hardness of 3.5 to 4. It has a relatively high specific gravity of 6.1, imperfect cleavage and is brittle to conchoidal fracture. The luster is sub-metallic to brilliant adamantine. The "chalcotrichite" (from variety typically shows greatly elongated (parallel to 01 capillary or needle like crystals forms. It is a secondary mineral which forms in the oxidized zone of copper sulfide deposits. It frequently occurs in association with native copper, azurite, chrysocolla, malachite, tenorite and a variety of iron oxide minerals.Hurlbut, Cornelius S.; Klein, Cornelis, 1985, ''Manual of Mineralogy,'' 20th ed. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Katanga Mining
Katanga Mining Ltd was a mining company operating in the Democratic Republic of the Congo with its headquarters in Canada. Katanga Mining operated a major mine complex in the Congo's Katanga Province, producing refined copper and cobalt. It claimed to have the "potential of becoming Africa's largest copper producer and the world's largest cobalt producer." Katanga Mining formed two joint-venture projects with state-owned Gécamines to develop the mining complex: Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP). Assets and ownership The company was first listed on the Toronto Stock Exchange in August 1997. In January 2008 Katanga Mining acquired Nikanor plc for $452m. Katanga Mining was purchased by Glencore in 2020 and it was de-listed from the Toronto Stock Exchange. DRC Copper and Cobalt Project DRC Copper and Cobalt Project (DCP) began mining Tilwezembe, an open-pit copper and cobalt mine, in 2007. In November 2008, Katanga Mining said they had te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Kabila
Joseph Kabila Kabange ( , ; born 4 June 1971) is a Congolese politician who served as President of the Democratic Republic of the Congo between January 2001 and January 2019. He took office ten days after the assassination of his father, President Laurent-Désiré Kabila in the context of the Second Congo War. He was allowed to remain in power after the 2003 Pretoria Accord ended the war as the president of the country's new transitional government. He was elected as president in 2006 and re-elected in 2011 for a second term. Since stepping down after the 2018 election, Kabila, as a former president, serves as a senator for life.Bujakera, Stanis (15 March 2019)Congo ex-leader Kabila's coalition wins decisive senate majority ''Reuters''. Accessed 21 March 2019. Kabila's term was due to expire on 20 December 2016, according to the terms of the constitution adopted in 2006. Officials suggested that elections would be held in November 2016, but on 29 September 2016, the nation' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BGFIBank Group
BGFIBank Group, whose full name is BGFIBank Group S.A., is a financial services organization headquartered in Gabon. The group has subsidiaries in eight countries including Gabon, Benin, Republic of the Congo, Democratic Republic of the Congo, Equatorial Guinea, Madagascar, France and Cote d'Ivoire. Overview BGFIBank Group is a large financial services conglomerate in Central, West and East Africa, with subsidiaries in ten countries. The member institutions serve both individuals and businesses, with emphasis on small-to-medium enterprises (SMEs). As of December 2010, the Group's assets were in excess of €3.7 billion. In January 2010, BGFIGroup was rated the largest bank group in Central Africa, by assets. History In 1971, the group started with one institution in Gabon called Bank of Paris and the Netherlands Gabon. That first bank was a joint venture between several private Gabonese investors, BNP Paribas and the Netherlands. The group's first subsidiary was set up in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a global standard for the good governance of oil, gas and mineral resources. It seeks to address the key governance issues in the extractive sectors. The EITI Standard requires information along the extractive industry value chain from the point of extraction, to how the revenue makes its way through the government and its contribution to the economy. This includes how licenses and contracts are allocated and registered, who the beneficial owners of those operations are, what the fiscal and legal arrangements are, how much is produced, how much is paid, where the revenue is allocated, and its contributions to the economy, including employment. The EITI Standard is implemented in 55 countries around the world. Each of these countries is required to publish an annual EITI Report to disclosing information on: contracts and licenses, production, revenue collection, revenue allocation, and social and economic spending. Ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Martin Kabwelulu
Martin Kabwelulu Labilo is a politician in the Democratic Republic of the Congo. He is a member of the Parti Lumumbiste Unifié (PALU). He was appointed Minister of Mines on 5 February 2007 in the government led by Antoine Gizenga, and retained this post through the reshuffle of 25 November 2007. Martin Kabwelulu Labilo was named Minister of Mines by President Joseph Kabila in the government headed by Antoine Gizenga in February 2007 one of four members of Gizenga's Unified Lumumbist Party (PALU) to be named to the cabinet. In February 2011 Kabwelulu was in talks with South African banks, seeking $150 million to revive the state-owned diamond miner, MIBA, which had been closed since November 2008. MIBA is 20% owned by Mwana Africa. Kabwelulu said that since the closure almost all diamond production had been from informal, artisanal workings. In May 2011 Kabwelulu, who was also serving as acting Minister of Transport, announced a $600 million 5-year plan to rehabilitate of railw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Durban
Durban ( ) ( zu, eThekwini, from meaning 'the port' also called zu, eZibubulungwini for the mountain range that terminates in the area), nicknamed ''Durbs'',Ishani ChettyCity nicknames in SA and across the worldArticle on ''news24.com'' from 25 October 2017. Retrieved 2021-03-05.The names and the naming of Durban Website ''natalia.org.za'' (pdf). Retrieved 2021-03-05. is the third most populous city in after and |
Bank Of China
The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, replacing the Qing Dynasty's Ta-Ching Government Bank. It has been the second oldest bank in China still in existence after the Bank of Communications, founded in 1908. From its establishment until 1942, it issued banknotes on behalf of the Government along with the "Big Four" banks of the period: the Farmers Bank of China, Bank of Communications and Central Bank of the Republic of China. After the People's Republic was established in 1949, it has become a national commercial and foreign exchange professional bank. Its original central bank designation was carried on by the newly formed People's Bank of China. As of 31 December 2019, it was the second-largest lender in China overall and ninth-largest bank in the world by market capitalizatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Development Bank
The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government's economic development policies.CDB History Archived Debts issued by the China Development Bank are owned by local banks and treated as risk-free |
Heavily Indebted Poor Countries
The heavily indebted poor countries (HIPC) are a group of 39 developing countries with high levels of poverty and debt overhang which are eligible for special assistance from the International Monetary Fund (IMF) and the World Bank. The HIPC Initiative was initiated by the International Monetary Fund and the World Bank in 1996, following extensive lobbying by NGOs and other bodies. It provides debt relief Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particu ... and low-interest loans to cancel or reduce external debt repayments to sustainable levels, meaning they can repay debts in a timely fashion in the future."Developing Countries: Status Of The Heavily Indebted Poor Countries Debt Relief Initiative: NSIAD-98-229." ''GAO Reports'' (1998): 1. ''MasterFILE Premier''. Web. 10 Sept. 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exim Bank Of China
The Export–Import Bank of China (Chexim - China Exim Bank) () is one of two institutional banks in China chartered to implement the state policies in industry, foreign trade, economy, and foreign aid to other developing countries, and provide policy financial support so as to promote the export of Chinese products and services. Established in 1994, the bank is subordinated to the State Council. In 2022, the bank signed an agreement with Hong Kong realtor group ESR Group and to invest in Asean infrastructure projects. Mission The bank is a policy bank and along with other Chinese policy institutions like China Development Bank and Sinosure implement the economic policies of the government. The focus of the bank is to promote foreign trade and investment. Commercial lending forms the backbone of the bank. Commercial activity includes export credits mainly in the infrastructure fields (roads, power plants, oil and gas pipelines, telecom, and water projects) and investment l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
