https://newsletter.mw.creamermedia.com
Gold|Industrial|Mining
Gold|Industrial|Mining
gold|industrial|mining

UAE delegation signs $1.9bn mining partnership with Congo

18th July 2023

By: Bloomberg

  

Font size: - +

A delegation of United Arab Emirates officials signed a $1.9-billion partnership to develop several mines in eastern Democratic Republic of Congo.

The deal was signed Monday with state miner Societe Aurifere du Kivu et du Maniema, or Sakima, Congolese President Felix Tshisekedi’s office said in a statement on its website. The UAE’s minister of state in the ministry of foreign affairs, Shakhbut Nahyan Al Nahyan, led the delegation to Kinshasa, Congo’s capital.

The partnership “will make it possible to set up more than four industrial mines which should connect the provinces of South Kivu and Maniema,” the president’s office said. The statement gave no details on the mines or minerals involved.

South Kivu and Maniema are rich in gold, tin ore and tantalum. The two provinces have suffered from decades of violence by armed groups, which sometimes support themselves through the illicit mineral trade.

The UAE’s Ministry of Foreign Affairs didn’t immediately respond to an emailed request for comment on Tuesday.

A separate joint venture between Congo’s government and a UAE company, Primera Group, began shipping artisanally mined gold from South Kivu earlier this year.
 

Edited by Bloomberg

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:6.645 6.726s - 143pq - 2rq
Subscribe Now