Martin Kabwelulu

Congo Affidavit on Gecamines Deal May Allow IMF Loans to Proceed

The Democratic Republic of Congo’s release of an affidavit explaining a mining deal by state-run Gecamines may allow the International Monetary Fund to proceed with loans for the country, an official at the lender said.

Congo’s Army Smuggling Gold Through Burundi, Global Witness Says

Army officers from Democratic Republic of Congo are smuggling gold through neighboring Burundi to Dubai using false documents, London-based advocacy group Global Witness said in a report.

Congo’s Copper Producers Warn Against Sea Change in Mining Laws

Mining companies in the Democratic Republic of Congo, Africa’s biggest copper producer after Zambia, urged the government to reconsider proposed changes to the mining code and end a ban on exporting mineral concentrates.

Congo’s Katanga Governor Snubs Export Ban on Copper Concentrate

The Democratic Republic of Congo’s copper-rich Katanga province said it won’t implement a government ban on exporting copper and cobalt concentrate because it doesn’t have capacity to process all the ore itself.

Congo’s Government Halts Exports of Copper, Cobalt Concentrates

The Democratic Republic of Congo banned exports of copper and cobalt concentrates to force mining companies to add value to minerals before shipping them, Mines Minster Martin Kabwelulu said.

Lundin Mining Falls After Congo Halts Some Copper Exports

Lundin Mining Corp., a Canadian diversified mining company with investments in Africa, slumped the most in more than 18 months after the Democratic Republic of Congo banned exports of copper and cobalt concentrates.

Congo Reassures Copper Miners Rattled by Attack in Katanga

Democratic Republic of Congo’s mines minister reassured investors after separatists attacked the capital of mineral-rich Katanga province, raising concern among analysts that the region faces increased conflict.

Congo to Boost State’s Share of Mining Projects, Raise Taxes

The Democratic Republic of Congo will increase its stakes in new mining projects and raise taxes when it revises the 10-year-old industry code this year in an attempt to boost revenue, Mines Minister Martin Kabwelulu said.

Anhui Construction, Congo Plan to Take Diamond Company Public

Anhui Foreign Economic Construction Group of China and the Democratic Republic of Congo created a joint venture to mine diamonds in Eastern Kasai province and plan to take the company public.

Congo to End Eastern Mining Ban on March 10, Mines Minister Kabwelulu Says

Democratic Republic of Congo will lift a six-month-old ban on mining in three eastern provinces rich in gold, tin ore and coltan on March 10, Mines Minister Martin Kabwelulu said.

"We want companies to export mineral products with great added value."

- Martin Kabwelulu on Apr 17, 2013

Democratic Republic

Africa

United Nations

Cameron Meets Security Chiefs on Suspected London Terror

Japanese Stocks Plunge Most Since March 2011 on Yields

Europe Stocks Drop on U.S. Stimulus Concern, China Data

Asian Stocks Plunge on China PMI as Japan Shares Plummet

Stocks Slump With Metals on China Data as Yen Strengthens