Diamonds from Zimbabwe’s Marange fields will be sold in Antwerp after the European Union lifted sanctions even as rights groups allege abuses at the mines and say revenue has financed President Robert Mugabe’s ruling party.
The Democratic Republic of Congo’s provincial governments expect a windfall of reconstruction and development funds after an insurgency by M23 rebels ended, said Moise Katumbi, governor of the copper-rich Katanga province.
Nigeria and Angola, Africa’s biggest oil producers, have granted stakes in oil fields to companies that may be acting as fronts for government officials, stifling development in both countries, according to anti-corruption group Global Witness.
Gecamines, the Democratic Republic of Congo’s state-owned mining company, didn’t tell the Mines Ministry of a possible sale of its stake in Kamoto Copper Co. to billionaire Dan Gertler, according to a letter from the mines minister.
A U.K.-based advocacy group said it’s suing the British government for failing to recommend that U.K. companies face United Nations sanctions for buying so- called “conflict minerals” from Democratic Republic of Congo .