Mining Weekly.com Browse Help
Intelligence on mining

Gecamines plans to renegotiate with foreign partners

Democratic Republic of Congo State miner Gecamines has called on its foreign partners to renegotiate the terms of joint ventures it considers to be unfair, its chairman said on Thursday. Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms. It launched a contracts audit in 2016 and is now ready to sit down with its international partners to thrash out better deals.

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register