Gecamines's stake sale to Eurasian Resources unit in DRC attracts scrutiny
KINSHASA — The US-based Carter Center has called on Democratic Republic of Congo to release details of state miner Gecamines’s sale of a 25% stake in the Metakol tailings project in Kolwezito to a wholly owned subsidiary of Eurasian Resources Group. DRC’s mines minister, Gecamines and Eurasian Resources did not respond immediately to requests for comment. Eurasian Resources is a Kazakh mining company that has come under scrutiny by Britain’s Serious Fraud Office regarding transaction with recently sanctioned Och-Ziff Capital Management Group in DRC, among other African states. Bloomberg News reported the sale on Monday of the stake in April to Highwind Properties, a Eurasian Resources subsidiary, citing the minutes of an August meeting of Metalkol’s board. It quoted a Eurasian spokesman as declining to comment on the transaction but insisting the company complied with all laws and reporting requirements.
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