The Democratic Republic of Congo has lost around US$750 million in mining revenue over the last three years as a result of corruption and mismanagement, concluded a campaign group. A report published by Global Witness claimed that over 20% of DR Congo’s income from the mining...
French energy major Total (LSE:TTA) has commenced production at its Moho Nord deep-water project off the Congolese coast. The offshore prospect is located 75km off the port city of Pointe-Noire, and has a peak production capacity of 100,000 barrels per day, which will be harnessed using...
Boosted by Chinese investment, the Democratic Republic of Congo’s state-ran mining company Gecamines has revealed plans to strengthen its waning position in the national mining industry. The company was heavily debilitated by the Congolese civil war, and remains to be straddled with debt, with the figure...