Gécamines audit raises financial fears in jv partners, analyst says

Mar 30, 2012 | 09:40 AM |

State-owned miner Gécamines’ audit of 30 joint ventures poses further risks to its international mining partners and other investors, already unnerved by the current process in the Democratic Republic of Congo (DRC) of rewriting the country’s mining code. Cash-strapped Gécamines is seeking to extract huge financial benefits from the audit, a process which the state miner argued last December is justified due to the “poorness of the....

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