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Tremalt
Tremalt Limited was a mining company incorporated in the British Virgin Islands which owned assets in the Democratic Republic of the Congo (DRC). It was the vehicle for a highly criticized deal in 2001 in which it bought copper assets at far below their estimated value in return for a private agreement to pay a share of profits to the DRC and Zimbabwe governments. Allegedly some of the payments were made in the form of military equipment. The company made few investments in its assets, several of which the DRC government took back. In 2006 it was sold for about $60m. KMC acquisition, 2001 In January 2001 the Kababancola Mining Company (KMC) was established as a copper and cobalt mining partnership for a 25-year term. Tremalt, initially controlled by John Bredenkamp, held 80% of KMC while Gecamines held 20% A network of private holding companies and trusts registered in the Isle of Man and the British Virgin Islands concealed the true owners of Tremalt. KMC gained the rights to min ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dan Gertler
Dan Gertler (born 23 December 1973) is an Israeli billionaire businessman in natural resources and the founder and president of the DGI (Dan Gertler International) group of companies. He has diamond and copper mining interests in the Democratic Republic of the Congo (DRC), and has invested in iron ore, gold, cobalt, oil, agriculture, and banking. He may also hold citizenship of that country. his fortune was estimated at $1.2 billion by ''Forbes''. Gertler's deals have been under scrutiny by the International Monetary Fund (IMF) and the World Bank since 2012. He has been described as "controversial", and as making most of his fortune from "looting Congo at the expense of its people". The Panama papers revealed deals carried out through Mossack Fonseca shell companies, among his many offshore companies. Effective 21 December 2017, US President Donald Trump issued Executive Order 13818 implementing the Global Magnitsky Human Rights Accountability Act and listed Gertler in the Ann ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mukondo Mine
Mukondo Mine is a copper and cobalt mine in Katanga Province, Democratic Republic of the Congo. As of 2011 it was operated by the Central African Mining and Exploration Company (CAMEC). It may be the richest cobalt reserve in the world. Location In July 2008 CAMEC said the resource estimate at Mukondo was 70 million tons of ore containing 1.5 million tons of copper and 500,000 tonnes of cobalt. The cobalt grade averages 1.2%, an exceptionally high concentration. The Mukondo mountain has a height of over . Mining is relatively cheap since waste rock can simply be pushed off the mountain rather than hauled away. Ownership changes In January 2001 the Kababancola Mining Company (KMC) was established as a copper and cobalt mining partnership for a 25-year term. Tremalt, controlled by the Zimbabwean businessman John Bredenkamp, held 80% of KMC while the state-owned Gécamines held 20% In June 2006 Dan Gertler bought Tremalt for about $60m. The sale was to Prairie International, of whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mike Tichafa Karakadzai
Air Commodore (retired) Mike Tichafa Karakadzai (Name 'Karakadzai' origin from Madagascar) (7 March 1957 – 19 August 2013) was a former senior officer in the military of Zimbabwe. Europe, and more recently Australia, have frozen his assets and forbidden his travel in their territories. * Karakadzai means ''remember'' in the Ndau language of Eastern Zimbabwe. Karakadzai qualified for a Graduate Diploma in Purchasing and Supply from the Chartered Institute of Purchasing & Supply in the United Kingdom. He obtained an MSc in Strategic Management from the University of Derby. He attended the Royal College of Defence Studies in the United Kingdom where he obtained an MSc in Defence Strategic Studies. He was appointed Deputy Secretary for Policy and Procurement in the Zimbabwe Ministry of Defence in 2000. In October 2002 the United Nations published the ''Final report of the Panel of Experts on the Illegal Exploitation of Natural Resources and Other Forms of Wealth of the Democratic Rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central African Mining & Exploration Company
The Central African Mining and Exploration Company plc (CAMEC) was a mining company active in the Katanga Province of the Democratic Republic of the Congo (DRC) and in other parts of Africa. It was acquired by Eurasian Natural Resources Corporation in 2009. Early years In September 2002 Andrew Groves reported a 6 to 7 million Rand had been spent to upgrade the Three Aloes mine. CAMEC listed on the London Stock Exchange's Alternative Investment Market in October 2002. It pursued an aggressive and successful program of acquiring and developing projects, finding little difficulty in gaining funding based on its strong track record. The company developed operations or undertook exploration in Mali (bauxite), Mozambique (coal), the DRC (copper and cobalt), South Africa (fluorspar) and Zimbabwe. Entry into Congo Initially, the Zimbabwean businessman Billy Rautenbach controlled ''Boss Mining Sprl'', which owned 50% of the Mukondo resource. The provenance of Rautenbach's claims to Muko ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central African Mining And Exploration Company
The Central African Mining and Exploration Company plc (CAMEC) was a mining company active in the Katanga Province of the Democratic Republic of the Congo (DRC) and in other parts of Africa. It was acquired by Eurasian Natural Resources Corporation in 2009. Early years In September 2002 Andrew Groves reported a 6 to 7 million Rand had been spent to upgrade the Three Aloes mine. CAMEC listed on the London Stock Exchange's Alternative Investment Market in October 2002. It pursued an aggressive and successful program of acquiring and developing projects, finding little difficulty in gaining funding based on its strong track record. The company developed operations or undertook exploration in Mali (bauxite), Mozambique (coal), the DRC (copper and cobalt), South Africa (fluorspar) and Zimbabwe. Entry into Congo Initially, the Zimbabwean businessman Billy Rautenbach controlled ''Boss Mining Sprl'', which owned 50% of the Mukondo resource. The provenance of Rautenbach's claims to Mu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kambove Mines
The Kambove mines are a group of active or abandoned copper mines near Kambove in the Democratic Republic of the Congo. They were originally established by the Union Minière du Haut-Katanga under Belgian rule. Inactive mines in the region include Kabolela Mine, Kakanda deposit, Kambove Principal Mine and M'sesa Mine. Gécamines, a state-owned mining company, owns the Kamoya central, Kamoya south, Shangolowe and Kamfundwa mines. Other mines are Kambove West Mine and the "secret" Kamoya South II Mine. In January 2001 the Kababancola Mining Company (KMC) was established as a copper and cobalt mining partnership for a 25-year term. Tremalt, controlled by John Bredenkamp, held 80% of KMC while Gecamines held 20%. KMC gained the rights to mines, facilities and concentrators at Kambove and Kakanda. KMC made relatively low investment in these properties, continuing to operate the already-functioning Kamoya Mine but not opening the others. In March 2002 the DRC authorities took back c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Bredenkamp
John Arnold Bredenkamp (11 August 1940 – 18 June 2020) was a Zimbabwean businessman and rugby union footballer. He was the founder of the Casalee Group. Early life Born in South Africa, Bredenkamp moved with his family to Southern Rhodesia while he was still a child. He was orphaned in his mid-teens on his birthday when while he was riding his bike, on return he found his father had shot his mother and sister and then shot himself. His sister survived the shooting. He was educated in Southern Rhodesia at Prince Edward School, Salisbury. Of Dutch ancestry, Bredenkamp registered as a Rhodesian citizen in 1958. He was reported to have lost Zimbabwean citizenship "by default" in 1984, but this was restored to him shortly thereafter. Bredenkamp was reported to hold Zimbabwean, South African and Dutch passports. The matter of his nationality was a matter of dispute with some Zimbabwean officials towards the end of 2006. As a Rugby Union international, he captained Rhodesia from 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cobalt Mining Companies
Cobalt is a chemical element with the symbol Co and atomic number 27. As with nickel, cobalt is found in the Earth's crust only in a chemically combined form, save for small deposits found in alloys of natural meteoric iron. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal. Cobalt-based blue pigments ( cobalt blue) have been used since ancient times for jewelry and paints, and to impart a distinctive blue tint to glass, but the color was for a long time thought to be due to the known metal bismuth. Miners had long used the name ''kobold ore'' (German for ''goblin ore'') for some of the blue-pigment-producing minerals; they were so named because they were poor in known metals, and gave poisonous arsenic-containing fumes when smelted. In 1735, such ores were found to be reducible to a new metal (the first discovered since ancient times), and this was ultimately named for the ''kobold''. Today, some cobalt is produced specifically from one o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-renewable Resource Companies Disestablished In 2006
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can occur within time frames meaningful to humans as well. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-renewable Resource Companies Established In 2001
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can occur within time frames meaningful to humans as well. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The metals themselves are present i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Scandals
A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise. A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved false or inappropriate accounting of some sort (see list at accounting scandals). List of major corporate collapses The following list of corporations involved major collapses, through the risk of job losses or size of the business, and meant entering into insolvency or bankruptcy, or being nationalised or requiring a non-market loan by a government. List of scandals without insolvency * Australia & New Zealand Banking Group scandal involving misleading file notes in the Financial Ombudsman Service (Australia) presented to the Supreme Court of Victoria. * Australia & New Zealand Banking Group allegations of racial bigotry toward billionaire businessman Pankaj Oswal and his wife. Court was presented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copper Mines In Zambia
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable metallic form (native metals). This led to very early human use in several regions, from circa 8000 BC. Thousands of years later, it was the first metal to be smelted from sulfide ores, circa 5000 BC; the first metal to be cast into a shape in a mold, c. 4000 BC; and the first metal to be purposely alloyed with another metal, tin, to create bronze, c. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
