Jump to navigation

Vol 6 (AAC) No 6

Published 1st April 2013


Congo-Kinshasa

Fametal, SOKIMO and Ituri’s gold

Despite its troubles with the Congolese authorities last year, the Chinese group Fametal has now established a dominant position in Ituri’s gold belt. In March, Fametal President Wang Bin finalised an agreement with Michel Makaba, the Chief Executive of the Société minière de Kilo-Moto (SOKIMO), officials in Orientale Province told Africa-Asia Confidential. Last year, Ituri officials had accused Fametal, which is listed on the Shanghai Gold Exchange and a subsidiary of CRAA International Trade, of illegal exploitation, paying taxes late and withholding production statistics.

End of preview - This article contains approximately 312 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.