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Posts Tagged ‘DRC’

Henri Matisse (French, 1869-1954) The Dance 1910[1]

Here from the new CostMine 2012 Survey of African Mine Salaries are some figures for those working on mines in the Democratic Republic of the Congo — the first set of numbers are the range of salaries, the second is the average, and the third is the number of years of experience of those reporting salaries.  (more…)

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In an attempt to curtail use of materials from the Democratic Republic of the Congo, the Securities and Exchange Comission would require more reporting by companies potentially using such materials.  This from the SEC website: (more…)

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We will have to await the course of fighting lawyers to learn how this story plays out; but even now there is plenty to tell and plenty to cogitate.  It all relates to helping the democratically elected government of the DCR kill seventy of its own.  In short the story, as I pick it up from a number of sources, goes thus:  In 2004, rebels capture the town that controls the supply route to Anvil’s Congo mine.  Anvil provides transport for government troops (thugs) brought in to flush the rebels out.  The thugs move fast: they shoot upwards of seventy people and re-open supply lines.   Anvil says the government requisitioned such transport, and they had to obey.  Not so, say the NGOs, who claim Anvil sought government aid in flushing out the rebels.  (more…)

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The Fraser Institute issues a report each year based on interviews with miners to rank countries on whether they are good or bad places to mine.  As an investor this should be required reading. For example at SME I heard two distinctly divergent opinions about investment in mining in Africa from two equally informed people. 

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