RAID has been at the forefront in pressing the World Bank to instigate a review of all mining contracts in the Democratic Republic of Congo (DRC) that were concluded during the war and subsequent transitional period.
In the early 1990s, the DRC’s state mining enterprise, Gecamines, was the most lucrative source of revenue. Today, Gecamines has been stripped of virtually all of its assets and ore bodies through a number of disadvantageous contracts.
RAID is seeking a commitment from all companies that are confident in the fairness of their contracts with Gecamines to demonstrate this by agreeing to an independent, transparent re-evaluation of their agreements. As part of this commitment, companies would renegotiate any parts of their contracts that are not consistent with the World Bank’s recommendations.
For journalists: If you are interested in receiving updates on this issue, please send your contact details to media@raid-uk.org
25 Mar
NGOs welcome the publication of Congo mining contract review and
calls on the government to ensure that renegotiations are fair and
transparent.