Namoya
Namoya Mine is an open pit gold mine in Maniema province of the Democratic Republic of the Congo (DRC) which started operations in 2016. Production has been disrupted by repeated attacks from rebel militias. The original Canadian owner sold to a Chinese consortium in 2020 due to security concerns. Location The Namoya Mine is in Kabambare Territory of Maniema, just south of the South Kivu border and north of the RP1121 highway. It is south of Mount Mutumba in the Itombwe Mountains. Namoya Airport and Namoya towm are to the south of the mine. The Kama River flows through Namoya town. The mine is at the south end of the Twangiza-Namoya gold belt, also called the Maniema-South Kivu Gold Belt, which stretches from South Kivu into Maniema. The belt extends from Twangiza southwest to Namoya Mine. Banro Corporation of Canada has a exploration permit around Namoya with four main deposits: Mount Mwendamboko, Muviringu, Kakula and Namoya Summit. The mine is on the western margin of the ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Twangiza-Namoya Gold Belt
The Twangiza-Namoya gold belt is a belt of gold deposits in the east of the Democratic Republic of the Congo. Artisanal working of alluvial deposits dates back to the 1920s. More systematic exploration and exploitation took place in the colonial era and continues up to the present, although civil war and militia attacks have periodically disrupted operations and have caused several changes of ownership of the concessions. Location The Twangiza-Namoya gold belt, also called the Maniema-South Kivu Gold Belt. stretches from South Kivu into Maniema. It extends from Twangiza, South Kivu, in the northeast to Namoya, Maniema, in the southwest. There are gold deposits at Kamituga, Lugushwa and other properties in the belt. From Namoya the belt extends west towards Kampene. Geology The Twangiza–Namoya gold belt is on the western margin of the Kibaran Mobile Belt, which lies between the Congo Craton and the Tanzania Craton. It developed in the Proterozoic. It holds a sedimentary ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Société Minière Et Industrielle Du Kivu
The Société Minière et Industrielle du Kivu (Sominki) was a privately held mining company of Zaire. It operated gold and tin mines, mostly in South Kivu province, between 1974 and 1997. The acquisition of its mining assets by Banro Corporation of Canada was complicated by the First Congo War in 1996–1997, followed by expropriation of the mines by the new Democratic Republic of the Congo (DRC) government. Eventually Banro gained the right to exploit the gold mines. Foundation In 1973 Cobelmin Zaire, a subsidiary of the ''Compagnie Belge d'Entreprises Minières'', was owner of five small mining companies: Minière des Grands Lacs (MGL), Kinoretain, Kundamines, Minerga and Miluba. Cobelmin and MGL were both located at Kamituga in Kivu Province, which had a large gold mine and was in the center of the tin-bearing cassiterite region. Kivumines, Phibraki, Somikubi and Symetain were also active in the region in 1973. Philips Brothers Sobaki owned 75% and 50% respectively of Kiv ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Twangiza Mine
Twangiza Mine is an open pit gold mine in South Kivu province of the Democratic Republic of the Congo (DRC) which started operations in 2012. Production has been disrupted by attacks from rebel militias. Location Twangiza Mine is in Mwenga Territory, South Kivu. It is about south of Bukavu, east of the RN2 highway and north of the Itombwe Mountains. The mine is at the north end of the Twangiza-Namoya gold belt, also called the Maniema-South Kivu Gold Belt, which stretches from South Kivu into Maniema. The belt extends from Twangiza southwest to Namoya in Maniema. Geology The eastern section of the Twangiza property is part of the Itombwe synclinorium, a fold that stretches south from Twangiza. It contains weakly metamorphized Neoproterozoic sediments, mostly mudstone, trending north–south. Near the main and north sections porphyritic sills from thick have intruded into the Neoproterozoic sediments. They have been extensively altered by hydrothermal circulation, but m ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Société Aurifère Du Kivu Et Du Maniema
Société Aurifère du Kivu et du Maniema, SARL (SAKIMA) is a Congolese state-owned mining company which holds interests in various gold and tin mines in the provinces of Maniema, North Kivu and South Kivu in the eastern Democratic Republic of the Congo. The company's operations are based in the town of Kalima. History SAKIMA was founded in 1997 to take over the assets of Société Minière et Industrielle du Kivu. SAKIMA was originally 93% owned by the Canada-based ''Banro Resource Corporation'' and 7% owned by the DRC government. Laurent-Désiré Kabila's administration wanted SAKIMA to invest hundreds of millions into reviving its cassiterite, coltan, and gold mines, but Banro refused as it was only interested in the gold mines. Relations between Banro and the government deteriorated, and the SAKIMA's mining agreements were revoked by presidential degree in July 1998 and transferred to ''Société des Mines du Congo SARL'' (SOMICO), a new wholly Congolese state-owned corpor ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Maniema
Maniema is one of 26 provinces of the Democratic Republic of the Congo. Its capital is Kindu. Toponymy Henry Morton Stanley explored the area, calling it Manyema.Stanley, H.M., 1899, Through the Dark Continent, London: G. Newnes, Vol. One , Vol. Two Geography Maniema borders the provinces of Sankuru to the west, Tshopo to the north, North Kivu and South Kivu to the east, and Lomami and Tanganyika to the south. Maniema province has 7 territories, which are: # Kabambare # Kailo # Kasongo # Kibombo # Lubutu # Pangi # Punia Political divisions Maniema consists of the city of Kindu and seven territories: Punia, Pangi, Lubutu, Kibombo, Kasongo, Kailo and Kabambare. The city of Kindu has the communes of Alunguli, Kasuku and Mikelenge Economy Mining is the main industry in the province and diamonds, copper, gold and cobalt are mined outside of Kindu. Kailo Territory is home to open pit wolframite and Cassiterite mines. Education *University of Kindu See also *Maniem ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Sericite
Sericite is the name given to very fine, ragged grains and aggregates of white (colourless) micas, typically made of muscovite, illite, or paragonite. Sericite is produced by the alteration of orthoclase or plagioclase feldspars in areas that have been subjected to hydrothermal alteration typically associated with copper, tin, or other hydrothermal ore deposits. Sericite also occurs as the fine mica that gives the sheen to phyllite and schistose metamorphic rocks. The name comes from Latin ''sericus'', meaning "silken" in reference to the location from which silk was first utilized, which in turn refers to the silky sheen of rocks with abundant sericite. File:Granite pmg ss 2006.jpg, Granite in thin section under cross-polarized light in which feldspar crystals exhibit sericite alteration. File:Staurolite garnet schist 3mm xp 2007.jpg, Staurolite-garnet schist in thin section under cross-polarized light with sericite. References External linksMindat [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Mai Mai
The term Mai-Mai or Mayi-Mayi refers to any kind of community-based militia group active in the Democratic Republic of the Congo (DRC) that is formed to defend local communities and territory against other armed groups. Most were formed to resist the invasion of Rwandan forces and Rwanda-affiliated Congolese rebel groups, but some may have formed to exploit the war to their own advantage by looting, cattle rustling or banditry. Groups that fall under the umbrella term "Mai-Mai" include armed forces led by warlords, traditional tribal elders, village heads and politically motivated resistance fighters. Because Mai Mai have only the most tenuous internal cohesion, different Mai-Mai groups allied themselves with a variety of domestic and foreign government and guerrilla groups at different times. The term Mai-Mai refers not to any particular movement, affiliation or political objective but to a broad variety of groups. The name comes from the Swahili word for water, "maji". Mili ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Connecticut
Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capital is Hartford and its most populous city is Bridgeport. Historically the state is part of New England as well as the tri-state area with New York and New Jersey. The state is named for the Connecticut River which approximately bisects the state. The word "Connecticut" is derived from various anglicized spellings of "Quinnetuket”, a Mohegan-Pequot word for "long tidal river". Connecticut's first European settlers were Dutchmen who established a small, short-lived settlement called House of Hope in Hartford at the confluence of the Park and Connecticut Rivers. Half of Connecticut was initially claimed by the Dutch colony New Netherland, which included much of the land between the Connecticut and Delaware Rivers, although the firs ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Gramercy Funds Management
Gramercy Funds Management is an investment manager dedicated to emerging markets. Gramercy was founded in 1998 by Robert Koenigsberger, who acts as Managing Partner and Chief Investment Officer The chief investment officer (CIO) is a job title for the board level head of investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as .... Chief Operating Officer is Scott Seaman. One of the firm's advisors is Mohamed El-Erian The firm is headquartered in Greenwich, Connecticut. Gramercy Strategies and Funds Public Credit * Gramercy Distressed Opportunity Funds II & III * Gramercy Distressed Argentina Funds III & IV * Gramercy Venezuela Opportunity Fund * Gramercy Corporate Emerging Markets Debt * Gramercy High Yield Corporate Emerging Markets Debt * Gramercy Local Currency Emerging Market Debt * Gramercy U.S. Dollar Emerging Market Debt * Gramercy EMD Allocation ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Baiyin Nonferrous
Baiyin Nonferrous Group Co., Ltd. known also as BNMCAcronym of Baiyin Nonferrous Metal Corporation is a Chinese company based in Baiyin, Gansu Province, China. The company was the main copper supplier in China. Since 15 February 2017, Baiyin Nonferrous is a listed company in the Shanghai Stock Exchange. In 2017, the localized version of ''Fortune'' ranked Baiyin Nonferrous as the 116th of top 500 Chinese enterprises. History The predecessor of the company was established in 1954, as one of the industrial project of the First Five Year Plan. (in Chinese) It was the main copper supplier in China, however, the mining pit opened in 1956 was shut down in 1988. The city of Baiyin was declared by the government as “resource exhaustion”. As of 2016, the company rely on ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Laurent-Désiré Kabila
Laurent-Désiré Kabila () (27 November 1939 – 18 January 2001) or simply Laurent Kabila ( US: ), was a Congolese revolutionary and politician who was the third President of the Democratic Republic of the Congo from 1997 until his assassination in 2001. A longtime opponent of Mobutu Sese Seko, he led the Alliance of Democratic Forces for the Liberation of Congo (ADFLC), a Rwandan and Ugandan-sponsored rebel group that invaded Zaire and overthrew Mobutu during the First Congo War from 1996 to 1997. Having now become the new president of the country, whose name was changed back to the Democratic Republic of the Congo, Kabila found himself in a delicate position as a puppet of his foreign backers. The following year, he ordered the departure of all foreign troops from the country to prevent a potential coup, leading to the Second Congo War in which his former Rwandan and Ugandan allies began sponsoring several rebel groups to overthrow him including the Rally for Congolese Demo ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |