Off The Wire
Congo miner Gecamines seeks talks with foreign partners on JV terms
"If our partners think that operations bringing in 2.5 percent in royalties to the state are sufficient, they are mistaken," Albert Yuma told a mining conference in the southeastern city of Lubumbashi.
"We will use all legal means to reclaim our rights," he
said, complaining that Gecamines' partnerships have not brought
in sufficient revenue to the Congolese treasury.
Yuma also said that Gecamines' Deziwa joint venture with
China Nonferrous Metal Mining (CNMC) would produce
80,000 tonnes of copper next year.
Gecamines has reached a revenue-sharing agreement with an
unidentified Chinese company to develop the Kilamusembo copper
and cobalt mine, he added.
(Reporting by Fiston Mahamba; writing by Aaron Ross; editing by Jason Neely)