Glencore Plc agreed to a $960 million deal with Israeli billionaire Dan Gertler to buy out his holdings in two Congolese copper and cobalt mines, ending a decade-long relationship in which both built up key mining assets in the country. Glencore will pay Fleurette Group, a company owned by Gertler’s family trust, $534 million cash after all debts are paid, the company said in a statement.
Category: Democratic Republic of the Congo
Gambia’s ‘Trump’ and the dilemma of the Int’l Criminal Court
The stepping down , under duress, of long-term Gambian president Yahya Jammeh clearly illustrates the impact of credible collective security. However, for this ‘African solution’ to be replicable, much will need to be allayed regarding possible future attempts to renege on the deal, which reportedly provides him immunity from future prosecution’s.