Dan Gertler bought royalty rights in DRC’s Metalkol cobalt project
Israeli mining magnate, who is under US sanctions, offers ‘partnership’ to DRC citizens
A company controlled by Israeli billionaire Dan Gertler, who is under US sanctions for alleged corruption, bought rights from the Democratic Republic of Congo’s (DRC) state mining company to royalties from one of the world’s largest cobalt projects.
While the contract was published by the mining company Gecamines in October, it was signed in June 2017 — six months before the US government blacklisted the businessman for “opaque and corrupt mining and oil deals” in the DRC. Gertler has never been charged with a crime and denies any wrongdoing, and he has hired a number of lawyers in the US to fight the sanctions...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.