Congo Siasa

Why Congo Siasa Will Not Be Sued

Because it is now out in the open that Dan Gertler, the prominent Israeli businessman often featured in this space, was behind one of the British Virgin Island companies that recently obtained valuable mining and oil concessions in the Congo. (His lawyers tend to be a litigious bunch). Today, we found out that Kazakh company ENRC bought a majority stake in Camrose Resources Ltd – a company controlled by Gertler – for $50 million in cash and $125 million in promissory notes.

Camrose owns five copper and cobalt licenses in the Congo, one of which was the Kolwezi mine taken away from First Quantum by the Congolese government. I wonder how much they paid for all that? To Congolese MPs reading this: an audit would be nice.