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DRC stares at $3.7b loss in skewed mining deals


The East African
Monday May 24 2021
A worker drives a fork-lift past a machine pouring a mixture of copper and cobalt in a bag at the STL (Société pour le traitement du terril de Lubumbashi) processing plant in Lubumbashi. PHOTO | AFP
Summary
Kinshasa has already lost out on nearly $2 billion in revenue by selling mining and oil assets to an Israeli billionaire, according to a coalition of Congolese and international organisations.
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Democratic Republic of Congo leader Félix Tshisekedi is seeking a review of some mining contracts with foreign companies as a lobby warns that the country will potentially lose at least $3.7 billion in skewed mining and oil deals with controversial Israeli billionaire Dan Gertler. ....

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