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Archive for the tag “Maman Sambo Sidikou”

RDC: Communique Officiel concernant Moise Katumbi (18.06.2018)

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RDC: UDPS – Messieurs les Presidents Federaux de l’Union pour la Democratie et le Progres Social (Tous) – (14.06.2018)

RDC: Ensemble – Le passeport semi-biometrique de Moise Katumbi annule par le regime de Kinshasa qui lui avait deja refuse l’obtention d’un passeport biometrique (15.06.2018)

RDC: Lambert Mende – Modifiant et Completant l’Arrete No. 04/MIP/020/96 – Portant Mesures d’Application de la loi 96-002 du 22 Juin 1996 Fixant les Modalities de l’Exercice de la Liberte de Presse (14.06.2018)

KCC dispute: GÉCAMINES reaches an agreement with KATANGA GROUP, and defines with GLENCORE the foundations for a new win-win partnership (13.06.2018)

LUBUMBASHI, Democratic Republic of Congo, June 13, 2018 – On 12 June 2018, GÉCAMINES (www.Gecamines.cd), together with its subsidiary SOCIÉTÉ IMMOBILIÈRE DU CONGO (“SIMCO”), entered into with KATANGA MINING LIMITED and some of its affiliated companies (the “KATANGA GROUP”) as well as their joint company KAMOTO COPPER COMPANY (“KCC”), a settlement agreement (the “Agreement”).

Under the terms of the Agreement, the following goals and results are targeted, among others:

  • KCC’s net equity will be restored in accordance with applicable laws ;
  • KCC’s indebtedness towards the GLENCORE group will be reduced from 9 billion USD down to 3.45 billion USD as at 1 January 2018;
  • Interest rates applicable on intra-group loans are revised and shall no longer exceed 6% per year;
  • On the basis of KCC’s current business plan, as early as the 2019 fiscal year, GÉCAMINES will start, for the first time, receiving dividends, which assessed cumulated amount should exceed 2 billion USD over the next ten years;
  • The profits will allow for the payment of corporate taxes being likely to significantly contribute to the replenishment the Congolese State’s treasury;
  • A better valuation, in the future, of GÉCAMINES’ contribution of the copper and cobalt deposits to the partnership through a significant increase of the amount per ton of the pas de porte, from 35 USD to 110 USD, and which can reach 170 USD in certain scenarios;
  • A significant increase of the valuation of GÉCAMINES’ ownership in KCC, which value was until then nil due to the high level of indebtedness of the company;
  • The waiver by KCC to the benefit of the JORC certified reserves amounting to 3,992,185 tCu and 205,629 tCo (the “Reserves”), releasing GÉCAMINES from its obligation to deliver the Reserves or, failing that, to pay a counter-value of a maximum amount of 285 million USD;
  • The payment by the KATANGA GROUP of a settlement indemnity (150 million USD) in favor GÉCAMINES; and
  • The withdrawal by GÉCAMINES and SIMCO, at closing, from the judicial proceeding initiated before the Commercial Court of Kolwezi on 20 April 2018.

GÉCAMINES welcomes the outcome of the discussions with the KATANGA GROUP and its majority shareholder GLENCORE PLC, and the new foundations now set for the partnership, with a view to an effective sharing of wealth, with immediate financial benefits for all the stakeholders, and in particular the Democratic Republic of the Congo and the affected communities. GÉCAMINES hopes that upcoming negotiations with other partners and companies will be conducted in a similar open and respectful climate, and will reach the same satisfactory outcome.

RDC: Luc Nkulula – Message de condoléances de la Conférence Épiscopale Nationale du Congo (CENCO) – (12.06.2018)

RDC: Enemble – Declaration du President (10.06.2018)

RDC: Communique du CLC – La mort de LUC Nkulula militant de Lucha: le CLC exige l’ouverture d’une enquete independante (10.06.2018)

RDC: Province du Sud-Kivu – “Objet: Demission” (08.06.2018)

RDC: Ensemble – Conference de Presse du Vice-President de “Ensemble pour le changement” du 04 juin 2018 (04.06.2018)

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