Billionaire Dan Gertler’s Fleurette Group said it loaned Gecamines $196 million so the Democratic Republic of Congo’s state-owned mining company could take over what it called its “flagship” copper project last year.
Gecamines used the funds to take full control of the untapped Deziwa and Ecaille C mining concessions, Fleurette said yesterday in an e-mailed response to questions. The areas contain an estimated 4.85 million metric tons of copper and 401,900 tons of cobalt reserves, placing them among Congo’s biggest metal Continue reading “Billionaire Gertler Loaned Gecamines $196 Million for Congo Mine”
Moku-Beverendi, which borders Randgold Resources Ltd. (RRS) and AngloGold Ashanti Ltd. (ANG)’s Kibali Gold project, is a joint venture between Fleurette’s Basel, Switzerland-based Moku Gold AG and Sokimo, a state-owned gold miner. Kibali may eventually produce Continue reading “Billionaire Gertler’s Congo Gold Deposit May Be ‘World Class’”