Congo prosecutors probe Israeli billionaire’s loan to state mining company

KINSHASA (Reuters) – Congolese prosecutors are investigating a 200-million-euro ($222 million) line of credit issued to state mining company Gecamines by a company owned by Israeli billionaire Dan Gertler, who is under U.S. sanctions, Gecamines said on Monday.

Continue reading “Congo prosecutors probe Israeli billionaire’s loan to state mining company”

Like Apple, Samsung is going to source cobalt directly from DR Congo

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Close on the heels of its corporate nemesis Apple, Samsung has also moved to secure a cobalt supply in the Democratic Republic of Congo.

Samsung is in talks with Somika, a Congolese mining company to secure a supply of the metal used in everything from smartphones to electric vehicles. The talks are still in Continue reading “Like Apple, Samsung is going to source cobalt directly from DR Congo”

Israeli billionaire miner added to US sanctions list for Congo ties

Dan Gertler

David Pilling in London

Dan Gertler, an Israeli billionaire invested in the Democratic Republic of Congo’s mining sector, has been added to a US Treasury’s list of individuals under sanction, potentially squeezing his ability to conduct further business. In an executive order signed by President Donald Trump, the Treasury included Mr Gertler in a list of 13 people it Continue reading “Israeli billionaire miner added to US sanctions list for Congo ties”

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