Katanga Mining to transfer $150m to Gécamines by end of August
The Canadian company plans to implement the retrocession agreement reached with the state-owned company as quickly as possible, in spite of calls to delay payment for the copper mining land parcels due to accusations of corruption surrounding the transaction.
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▪ Katanga Mining to transfer $150m to Gécamines by end of August
▪ The Canadian company plans to implement the retrocession agreement reached with the state-owned company as quickly as possible, in spite of calls to delay payment for the copper mining land parcels due to accusations of corruption surrounding the transaction.
▪ https://www.africabusinessplus.com/en/805219/katanga-mining-to-transfer-150m-to-gecamines-by-end-of-august/
Those that oppose the imminent transfer of a first instalment point out the risk of the funds being siphoned off by Dan Gertler, the Israeli businessman close to the government, and subject to US sanctions.
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