Connect with us

breaking news

DRC: Kibali Gold Mine, ten years in numbers!

Published

on

Kibali Gold Mine has just completed its first decade of operational activities in the DRC. In ten years, several achievements and highlights have marked the history of this mining giant who has not hesitated to settle in Doko in the province of Haut-Uele, a corner not only landlocked but also where insecurity broke the record at that time.

The CEO, Mark Bristow has reviewed the history and history of this company during the press conference held on Tuesday, July 16, 2019 at the Memling Hotel in Kinshasa. Some key figures of achievements of this mining giant since 2003 were mentioned.

These are respectively:

– $ 2.7 billion investment since the installation of the Kibali project;

– 207,521 ounces of gold produced up to the second quarter of 2019 by this mining company;

– 5,004 national and international employees distributed as follows: 4,644 (98%) of the national staff of which 2,913 (58%) national contractors, 1,487 (30%) national staff, 244 (5%) daily Congolese;

– For expatriates, this mining company has 360 (8%) divided into 233 (5%) expatriate staff and 127 (3%) expatriate subcontractors;

– US $ 1.2 million was spent under Corporate Social Responsibility (CSR). This funded social and community projects;

– US $ 38.9 million was paid to local contractors in the second quarter of 2019, CDA $ 77.9 million;

– 2.7 billion USD paid by Kibali in the form of taxes, permits, infrastructure, salaries and payments to local suppliers. Here, it should be noted that $ 174.1million in terms of direct visible in the project area and non-visible contributions are valued at $ 2,536 billion in salaries ($ 265 million); 471 million in taxes and permits and finally, 1.8 billion as payment to providers.

– US $ 197 million outstanding as of June 30, 2019 in terms of the VAT refund agreement, which is considered slow by this company.

Nadine Fula

Continue Reading
Advertisement
3 Comments

3 Comments

Leave a Reply

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *

breaking news

Dikembe Mutombo, NBA legend, passes away at age 58

Published

on

The NBA is mourning the loss of one of its greatest defensive icons. Dikembe Mutombo, the former 7-foot-2 center, passed away at the age of 58 due to a brain cancer, as reported by The Athletic on Monday, September 30.

A defensive record-holder

Born in the Democratic Republic of Congo, Mutombo left an indelible mark on the NBA with his exceptional defensive skills. During his career, he won the Defensive Player of the Year award four times (1995, 1997, 1998, 2001), a record he shares with Ben Wallace and Rudy Gobert. Gobert, in achieving this feat, highlighted the legacy Mutombo left on the game.

 

Drafted in 1991 by the Denver Nuggets, Mutombo went on to play for several notable teams, including the Atlanta Hawks, Philadelphia 76ers, New Jersey Nets, New York Knicks, and finally the Houston Rockets, where he retired in 2009.

 

A life of commitment beyond basketball

 

Although Mutombo never won an NBA championship, with two finals losses (in 2001 with the 76ers and 2003 with the Nets), he was inducted into the Hall of Fame in 2015. Beyond his impressive sports career, he dedicated his life to humanitarian efforts, particularly in Africa. He worked tirelessly to develop basketball across the continent and to help those in need.

NBA Commissioner Adam Silver praised his contributions in a statement: “Dikembe dedicated his life to helping others. He was not only a great player but also a global ambassador for basketball and a humanitarian. His commitment to the community, especially in his native Congo, will be forever remembered.”

Mutombo’s legacy continues to inspire generations of players and humanitarians around the world.

ZoomEco

 

Continue Reading

breaking news

World: 83% of the non-electrified population live in Africa

Published

on

Africa is home to 83% of the world’s non-electrified population. A thundering paradox, given the continent’s immense hydroelectric potential.

The continent faces a shortage of affordable, reliable and sustainable energy. A think tank dedicated to the development of long-term public and energy policies points out that this is holding back the momentum of individuals and companies alike.

According to the experts, the pace of electrification needs to triple in order to absorb this deficit, rethink several economic models, and put Africans on the path to prosperity.

Dynamic project vehicles on the move

The World Bank Group has pledged to connect 250 million people to electricity, while the African Development Bank (AfDB) will do the same for a further 50 million.

The World Bank Group’s investments are already providing the impetus needed to reach the target, illustrated in its ambitious “Mission 300” program.

East Africa

Continue Reading

breaking news

DRC: Egyptian Ambassador Hesham El Mekwad pays a courtesy visit to ANAPI

Published

on

On Thursday September 25, 2024, Bruno Tshibangu Kabaji, Managing Director of the Agence Nationale pour la Promotion des Investissements (ANAPI), and Hesham El Mekwad, the Egyptian ambassador accredited to the Democratic Republic of Congo, exchanged views on investment and trade issues.

The Egyptian diplomat was accompanied by Adham Thabet, development cooperation advisor at the Embassy of the Arab Republic of Egypt.

Discussions between the two personalities focused in particular on the role of ANAPI as the body responsible for supporting investors in the DRC.

While stressing the need to increase economic and commercial cooperation between Egypt and the DRC, the two parties encouraged Egyptian investors to step up their presence in several fields in the DRC, notably energy, transport, infrastructure and agriculture, fisheries and livestock.

With this in mind, the Egyptian Ambassador expressed the wish to establish regular contacts with ANAPI to support this mutual ambition.

Nadine FULA

Continue Reading

africa