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Sodimico
Sodimico (''Société de développement industriel et minier du Congo'') is a state-owned mining company in the Democratic Republic of the Congo (DRC). Early years Sodimico took over several mining properties from the Union Miniere du Katanga in 1967, when President Mobotu partially nationalized the Zaire economy. Sodimico was a subsidiary of the giant state-owned Gécamines. The primary focus was on gold mining. In 1988 the Kinsenda mine was flooded, halting production for two years. During the 1990s the company was badly affected by civil conflict and by the government's privatization policies. In many cases workers went unpaid for months. During the Second Congo War (1998–2003) and in the unrest that followed "peace", informal mining by artisans produced much of the copper and cobalt, exporting it illegally with the collusion of government officials. Private companies produced 85% of official output, with dysfunctional state companies such as Sodimico or Gécamines as passi ... [...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] |
Lonshi Mine
Lonshi Mine is a copper mine in Katanga Province of the Democratic Republic of the Congo, to the southeast of Ndola, Zambia. Operations The mine produces high-grade oxide ore that was transported to Zambia for processing at the SX/EW facility in Bwana. Both the mine and the Bwana Mkubwa facility away were owned by First Quantum Minerals (FQM). In January 2003 FQM announced an increase in estimated reserves from 295,000 tonnes to 356,000 tonnes of contained copper. In 2006 the mine produced about 520,000 tonnes of ore grading 10.3% copper, and copper cathode production was 51,068 tonnes. Controversy In December 2007 Moise Katumbi, the governor of Katanga province, ordered First Quantum Minerals to stop exporting copper ore from the Lonshi mine to Zambia. The stoppage was related to a dispute over contract terms. In May 2010 a Congolese court ruled that FQM's Lonshi and Frontier copper mines had been awarded illegally and that they should revert to state-owned Sodimico. Accordi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Quantum Minerals
First Quantum Minerals is a Canadian-based mining and metals company whose principal activities include mineral exploration, development and mining. Its main product is copper, which accounts for 80% of revenues as of 2016. First Quantum's common shares are listed for trading on the Toronto Stock Exchange in Canada (symbol "FM"). Until 2016, First Quantum also maintained a secondary listing on the London Stock Exchange (symbol "FQM"), in the United Kingdom. History First Quantum was founded in 1983 under the name Xenium Resources. It changed its name to ''Zeal Capital'' in 1989, ''First Quantum Ventures'' in 1993, and First Quantum Minerals in 1996. Its first significant operation was the Bwana Mkubwa mine in Zambia, acquired in 1996. In 2000, First Quantum acquired a partial interest in Mopani Copper Mines, a Zambian copper company. In 2001, it opened the Lonshi Copper Mine in the Democratic Republic of the Congo. Also in 2001, the company acquired the Kansanshi mine in Z ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metorex
Metorex is a mining company based in Johannesburg, South Africa. It has assets in the Democratic Republic of the Congo (DRC), Zambia and elsewhere. A takeover bid by the Jinchuan Group of China valued the company at US$1.1 billion. Since January 2012, the company is a wholly owned subsidiary of Jinchuan Group. History The company was founded in 1975 by a consortium that included Anthony Simon Malone, and acquired Rand London Mines. In the following years Metorex acquired additional properties mining a variety of minerals including gold, coal, asbestos, copper, zinc and tin. The mines were located in South Africa, Namibia and Zambia. In December 1999 Metorex merged with Consolidated Murchison and listed on the JSE and LSE exchanges. In the following years the company continued to expand through acquisition of new properties. In 2004 Metorex entered into a joint venture to develop the Ruashi copper mine site in the DRC, and subsequently made substantial investments in this project. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Republic Of The Congo
The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in Central Africa. It is bordered to the northwest by the Republic of the Congo, to the north by the Central African Republic, to the northeast by South Sudan, to the east by Uganda, Rwanda, and Burundi, and by Tanzania (across Lake Tanganyika), to the south and southeast by Zambia, to the southwest by Angola, and to the west by the South Atlantic Ocean and the Cabinda exclave of Angola. By area, it is the second-largest country in Africa and the 11th-largest in the world. With a population of around 108 million, the Democratic Republic of the Congo is the most populous officially Francophone country in the world. The national capital and largest city is Kinshasa, which is also the nation's economic center. Centered on the Cong ... [...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] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurasian Natural Resources Corporation
Eurasian Natural Resources Corporation PLC (ENRC) was a public, Kazakhstan/Central African-focused, multinational leading diversified natural resources company headquartered in London, United Kingdom. It had activities in integrated mining, processing, energy, logistics and marketing. ENRC was formed in 1994, listed on the London Stock Exchange in 2006 delisted after a near six-year spell in November 2013. A secondary listing and subsequent de-listing also took place on the Kazakhstan Stock Exchange. ENRC is now a fully owned subsidiary of the Eurasian Resources Group (ERG), a private natural resources company headquartered in Luxembourg. This private company incorporates the assets of former FTSE-100 group, ENRC PLC, which it acquired in November 2013. History Major events The assets of the company were acquired during the mid-1990s as part of the privatization process in Kazakhstan. The company in its present form was established in 2006 as part of a re-organisation to con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kolwezi Tailings Project
The Kolwezi tailings project also known as the Roan Tailings Reclamation (RTR) is a project in the Kolwezi mining area of the Democratic Republic of the Congo (DRC) to recover copper from the tailings, or processed ore, from mining in the region since the 1950s. The project was developed by the Canadian mining companies Adastra Minerals and then First Quantum Minerals between 2004 and 2009, when the DRC government revoked First Quantum's license. The project is currently majority owned by the Eurasian Resources Group. Location Kolwezi is a town of about 200,000 people in the Katanga Province of the DRC. It has been a mining center for 100 years. The main river valley is filled with tailings, and there are extensive pits, waste rock dumps and tailings deposits. The air is polluted by wind-blown tailings. Infrastructure such as roads, water supply and management, schools and hospitals was once good, but as of 2004 it was poorly maintained. The state mining company Gécamines no lon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sakania Territory
Sakania is a territory in the Haut-Katanga Province of the Democratic Republic of the Congo. Sakania Territory is a salient of the Democratic Republic of the Congo surrounded by Zambia. The seat of Sakania Territory is Sakania Sakania is a town in Haut-Katanga Province, in the Congo Pedicle, in the far south of the Democratic Republic of Congo, near the border with Zambia. It is located at an elevation of 1278m asl, therefore it has a cool climate. Between 1935 and 1939 i .... References Populated places in Haut-Katanga Province {{DRC-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Miniere Du Katanga
Union commonly refers to: * Trade union, an organization of workers * Union (set theory), in mathematics, a fundamental operation on sets Union may also refer to: Arts and entertainment Music * Union (band), an American rock group ** ''Union'' (Union album), 1998 * ''Union'' (Chara album), 2007 * ''Union'' (Toni Childs album), 1988 * ''Union'' (Cuff the Duke album), 2012 * ''Union'' (Paradoxical Frog album), 2011 * ''Union'', a 2001 album by Puya * ''Union'', a 2001 album by Rasa * ''Union'' (The Boxer Rebellion album), 2009 * ''Union'' (Yes album), 1991 * "Union" (Black Eyed Peas song), 2005 Other uses in arts and entertainment * ''Union'' (Star Wars), a Dark Horse comics limited series * Union, in the fictional Alliance–Union universe of C. J. Cherryh * ''Union (Horse with Two Discs)'', a bronze sculpture by Christopher Le Brun, 1999–2000 * The Union (Marvel Team), a Marvel Comics superhero team and comic series Education * Union Academy (other), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
