Democratic Republic of the Congo Mining Report Q4 2017
The DRC's mining sector will be supported by the country's vast high-grade mineral reserves and strong mining project pipeline. Despite this, mineral policy uncertainty and unrest in the east will limit investment growth.
In February 2017, Glencore announced a USD960mn deal to buy Israeli billionaire Dan Gertler out of two of the mining-cum-trading company's copper and cobalt operations in the Democratic Republic of Congo. After the deal, Glencore will have 100% interest in Mutanda and 86% of Katanga. Glencore will pay Fleurette Group, a company owned by Gertler's family trust, USD534mn in cash after all debts are paid.