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Promoting Fair Investment in the DR Congo

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

 

Related Documents

25 Mar

NGOs welcome the publication of Congo mining contract review and calls on the government to ensure that renegotiations are fair and transparent.

Press release (.doc format) in English and Français.

4 Feb 2008

NGOs fear that DRC mining contract review process has been hijacked

Press release (in English, .doc format)

28 Nov

World Bank and donors should address corruption and impunity in the Democratic Republic of Congo Press Release

Press Release (English)

Press Release (Français)


12 Apr

New Report Proposes Economic Rationale for Renegotiating Key Mining Contracts in the DRC

Also see: http://kamotominingproject.blogspot.com 

Press Release

12 Apr "Key Mining Contracts in Katanga: the economic argument for renegotiation" (Full Report) Executive Summary

13 Mar Groups launch international appeal:
A fair share for Congo! | Une part équitable pour le Congo!
Press Release

13 Mar 2007

"Public Private Partnerships in the DRC's Mining Sector: Development, Good Governance and the Struggle Against Corruption?"

Memo

04 Dec

Inauguration of Congo’s New President: Prospects for Mining Sector Reform

Press Release

Sep 06 Significant gains in RAID's campaign for renegotiation of mining contracts in the DR Congo Paper

5 Jul Global Witness publishes new report: “Digging in Corruption:  Fraud, abuse and exploitation in Katanga’s copper and cobalt mines” Web Link

2 Jun Letter to World Bank VP for Africa concerning the DR Congo's Mining Sector; Mining Contracts Letter

27 Feb Group Calls on World Bank to Investigate Mining Contracts; Bank’s Failed Reform Project in DRC Press Release

21 Feb 2006 DR Congo:  End Illegal Exploitation of Natural Resource; Government must act on Parliamentary Commission’s Recommendations Press Release
 

 

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