NEWS
Congo government seeks audit of mining registry
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The government of Democratic Republic of Congo (DRC) has ordered the country’s mining registry to be audited. President Felix Tshisekedi gave the orders and issued a ban on issuing and trading mining permit until the process is done, a measure aimed at combating fraud within the sector. Tshisekedi told ministers he wanted to end the squandering of mining assets by unnamed political actors and officials involved in the administration of the mining register, which records mining concessions. “This recommended cleanup will increase the contribution of the mining sector to the state’s budget and help, as a priority, the people benefit from
the mineral wealth of our country,” Tshisekedi told ministers. The move is an escalation of Tshisekedi’s ongoing review of deals struck by his predecessor Joseph Kabila, which includes a US $6bn “infrastructure-forminerals” deal with Chinese investors. The DRC is the world’s top producer of cobalt and Africa’s biggest copper producer, but more than 70% of its roughly 100-million people live on less than $1.90 per day, according to the World Bank. Transparency activists have estimated the DRC has lost out on billions of dollars of revenue from mining deals over the past two decades. Tshisekedi gained the presidency through a power-
Papua New Guinea mining industry eyed by Jaxin Group
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he government of Guinea inked a memorandum of understanding with Jaxin Group to expedite the process of identifying the opportunities and move into making investment decision over the Papua New Guinea mining industry. Mining Minister Johnson Tuke said the memorandum of understanding was witnessed by representatives of China Energy, in Port Moresby. “We are creating an understanding so that we can invite this company to conduct business in
the mining sector, so as in the oil and petroleum sector because they have a known history back in their country. We’ve got a process at the Mineral Resources Authority (MRA). This doesn’t mean we’ll give them first preference or priority. They have to fully comply with processes down at MRA, meaning they have to take part in the application processes,” Tuke said. Jaxin PNG chairman Kennedy Penial
sharing settlement with Kabila, following the disputed 2018 election, but he has gradually taken almost all the levers of government, political analysts say, and been increasingly outspoken about Kabila’s mining deals. Mining companies who fail to comply with their administrative and social obligations should have their licences revoked, Tshisekedi told mines minister Antoinette N’Samba. He asked N’Samba to identify mining companies where the state had not gained 10% of shares when the permit flipped from exploration to exploitation, as required by the mining code. Meanwhile, gunmen killed a policeman and kidnapped five Chinese nationals near a mine in southeast DRC overnight. It was not clear who carried out the attack near the village of Mukera in South Kivu province. said the company had the financial capacity and human resources to invest in PNG. Simons Energy, an upstream oil and gas subsidiary of Jaxin, is 51% owned by China Offshore Point Corporation. “Since Prime Minister (James Marape) opened up to bring in investors from China through the Embassy of China in PNG, they (Jaxin) are the first ones who have taken up the initiative. Our interest is more in the mining and petroleum sector,” Penial said. Initial investment anticipated in this arrangement is about US$10 billion (K34 billion) in the first three years, and a further US$30 billion (K103 billion) thereafter.
Compact overload limiter
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he safety coupling of the SKY series for indirect drives from JAKOB Antriebstechnik is designed as overload limiter or collision protection for the most modern requirements. With a compact design, it can still offer high release torques of up to 9000 Nm. The conical clamping bushing enables simple assembly, large shaft or bore diameters, the high possible bearing load and the excellent concentricity round off the safety coupling. By using high-strength quenched and tempered steel with
surface hardening or plasma coating of the relevant functional surfaces, particularly high release torques could be achieved. It is also available in a rustproof version on request. Jan Möller Marketing JAKOB Antriebstechnik GmbH Daimler Ring 42
D - 63839 Kleinwallstadt Tel. : +49 (0) 6022 12208-55 e-mail: moeller@jakobantriebstechnik.de www.jakobantriebstechnik.de Registergericht Aschaffenburg HRB 797 Geschäftsführer: Ludwig Jakob
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