Home Posts Tagged "mine concessions"

mine concessions

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It seems that international companies and African politicians continue to take advantage of rich mineral resources of Africa, nothing has change. Thus findings of a team headed by former UN secretary general Kofi Annan should not be surprising as thee group claims that the Democratic Republic of Congo lost as much as $1.36 billion because of contracts signed in the 2010 – 2012 period. The staggering loss was mainly caused by iniquitous mining contracts signed by the Congo government and offshore companies, not to mention that prices of these mining assets were understated.

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