260:. In February 2008 the two companies announced that the Mukondo Mountain operations had restarted. In July 2008 CAMEC said the Luita facility, due to be completed later that year, would be the largest of its kind in the world. The target was to produce 100,000 tonnes per year of copper cathode. In July 2009 CAMEC announced a long-term agreement under which CAMEC would deliver its entire annual production of cobalt in concentrate from Mukondo Mountain to Zhejiang Galico Cobalt & Nickel Materials of China.
213:
was arrested and deported to
Zimbabwe. The DRC deputy mines minister, Victor Kasongo, stated that way the C19 license had been obtained was fraudulent. CAMEC strongly disputed this, and stated the move was designed to destabilize its bid for Katanga. CAMEC withdrew the offer in September 2007, citing
276:
of South Africa an effective economic interest of 99.99%. In May 2009 CAMEC said it had found bauxite on a property in Mali with an inferred resource of 439 million tons. In July 2009 CAMEC said it was conducting a feasibility study at the Bokai platinum prospect in
Zimbabwe, due to be completed by
158:
in
October 2002. It pursued an aggressive and successful program of acquiring and developing projects, finding little difficulty in gaining funding based on its strong track record. The company developed operations or undertook exploration in Mali (bauxite), Mozambique (coal), the DRC (copper and
214:
uncertainty due to a review of mining licenses being conducted by the DRC government. Despite statements from DRC attorney general
Tshimanga Mukeba that certain CAMEC mining rights were annulled, in October 2007 CAMEC continued to argue that they remained valid.
242:, decided to combine their Mukondo assets into a new holding company operated as a joint venture. Billy Rautenbach would be excluded from ownership in the new company due to the hostile relations that had developed between him and the DRC government.
953:
928:
963:
948:
183:
at the same time
Zimbabwe was supporting the embattled DRC government. In a February 2006 deal, Rautenbach gained about 17% of the CAMEC shares when CAMEC bought an 80% share in Boss.
195:
had announced a review of all existing mining contracts, due to widespread concerns about irregularities of mineral concessions made by officials during and in the aftermath of the
943:
527:
269:
938:
26:
923:
192:
179:
resource. The provenance of
Rautenbach's claims to Mukondo were the subject of considerable controversy, as he was appointed head of the Congolese state-owned
619:
500:
958:
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448:
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which owned other 50% stake in the
Mukondo project. In November 2007 CAMEC and Prairie International, the owner of
392:
252:
The venture aimed to extract cobalt from
Mukondo, to reopen Kakanda concentrator and to control the copper cobalt
366:
755:
206:
in exchange for shares in the combined company. At the time of the offer, CAMEC already owned 22% of
Katanga.
553:
474:
155:
50:
423:
567:
677:
135:
of the
Democratic Republic of the Congo (DRC) and in other parts of Africa. It was acquired by
36:
147:
In September 2002 Andrew Groves reported a 6 to 7 million Rand had been spent to upgrade the
8:
343:
547:
289:
106:
245:
The new ownership structure consisted of the assets owned 70% by CAMEC, and 30% by
210:
196:
168:
148:
132:
654:
54:
292:
and CEO Andrew Groves both resigned when the deal was closed in November 2009.
203:
202:
In July 2007, CAMEC said it planned to acquire of the Canadian copper company
912:
786:
44:
176:
180:
223:
400:
285:
116:
620:"Camec puts pedal to the metal in the DRC, despite permit uncertainty"
246:
249:, with CAMEC issuing a 32.7% equity stake to Gertler's companies.
273:
239:
231:
954:
2000s disestablishments in the Democratic Republic of the Congo
929:
Copper mining companies of the Democratic Republic of the Congo
964:
Companies formerly listed on the Alternative Investment Market
336:"Central African Mining & Exploration Company Plc (CAMEC)"
887:"Edmonds, Groves resign from Camec board after ENRC takeover"
678:"UPDATE 2-CAMEC shares soar after agrees Congo joint venture"
528:"Camec's shares tumble as DRC plans to revoke mining licence"
257:
253:
25:
836:"Camec to start construction of new Zimbabwe mine this year"
949:
2002 establishments in the Democratic Republic of the Congo
592:
501:"Camec's Rautenbach arrested in DRC, deported to Zimbabwe"
288:
made a £584-million cash offer for CAMEC. The chairperson
944:
Non-renewable resource companies disestablished in 2009
701:
939:
Non-renewable resource companies established in 2002
730:"Camec to build multimillion-dollar SX plant in DRC"
595:"Camec Katanga bid withdrawn after DRC 'uncertainy'"
475:"CAMEC raises intended bid for Katanga to $ 1.9 bln"
277:
September. It expected to start production in 2012.
568:"CAMEC says DRC government statement is misleading"
393:"Copper/cobalt bull elephants square up in the DRC"
367:"Congo sees Rautenbach as root of CAMEC's problems"
449:"Camec plans to bid $ 1,9bn in shares for Katanga"
129:Central African Mining and Exploration Company plc
779:
910:
810:"Camec discovers 439Mt bauxite resource in Mali"
534:. Archived from the original on 7 September 2007
424:"Congo mining firms want more clarity on review"
159:cobalt), South Africa (fluorspar) and Zimbabwe.
833:
704:"Camec, Prairie restart operations at DRC mine"
593:Olivia Soraya Spadavecchia (5 September 2007).
384:
310:"Upgrading of Namibian tantalite-mine complete"
727:
644:
526:Times, The; Hawkes, Steve (7 September 2007).
390:
209:However, the deal encountered difficulties as
19:Central African Mining and Exploration Company
924:Copper mining companies of the United Kingdom
782:"Metorex increases stake in Copper Resources"
753:
859:
807:
193:recently re-elected Congolese administration
154:CAMEC listed on the London Stock Exchange's
525:
131:(CAMEC) was a mining company active in the
702:Christy van der Merwe (7 February 2008).
647:"CAMEC enters new JV to house DRC assets"
186:
959:Eurasian Natural Resources Corporation
911:
675:
421:
364:
282:Eurasian Natural Resources Corporation
167:Initially, the Zimbabwean businessman
137:Eurasian Natural Resources Corporation
272:but it was "disenfranchised", giving
862:"ENRC to make £584m offer for Camec"
162:
13:
860:Mariaan Webb (18 September 2009).
780:Esmarie Swanepoel (3 April 2009).
645:Allan Seccombe (7 November 2007).
14:
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263:
217:
676:Onstad, Eric (7 November 2007).
399:. United Nations. Archived from
24:
879:
853:
834:Chanel de Bruyn (9 July 2009).
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801:
773:
747:
728:Leandi Cameron (25 July 2008).
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695:
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236:Kababankola Mining Company Sprl
756:"Daily podcast - July 6, 2009"
519:
493:
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328:
302:
142:
1:
754:Amy Witherden (6 July 2009).
391:Barry Sergeant (6 May 2007).
295:
156:Alternative Investment Market
422:Bavier, Joe (19 June 2007).
270:Copper Resources Corporation
7:
808:Mariaan Webb (5 May 2009).
365:Bavier, Joe (16 May 2007).
10:
980:
934:Mining in Katanga Province
532:business.timesonline.co.uk
552:: CS1 maint: unfit URL (
268:CAMEC had a stake in the
175:, which owned 50% of the
115:
100:
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68:
60:
42:
32:
23:
919:Cobalt mining companies
280:In September 2009 the
230:, which owned 100% of
191:Around this time, the
37:Public limited company
234:, which owned 80% of
228:Prairie International
187:Attempted Katanga bid
574:. 20 September 2007
111:Andrew Groves (CEO)
20:
893:. 11 November 2009
403:on 2 November 2011
316:. 6 September 2002
18:
626:. 22 October 2007
397:Mining Newsletter
290:Phillippe Edmonds
125:
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107:Phillippe Edmonds
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653:. Archived from
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346:on 25 April 2012
342:. Archived from
332:
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314:Engineering News
306:
211:Billy Rautenbach
197:Second Congo War
173:Boss Mining Sprl
169:Billy Rautenbach
163:Entry into Congo
149:Three Aloes mine
133:Katanga Province
121:Boss Mining Sprl
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657:on 4 April 2012
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507:. 19 July 2007
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481:. 11 July 2007
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455:. 11 July 2007
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264:Other projects
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222:In June 2007,
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218:Reorganization
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204:Katanga Mining
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891:Mining Weekly
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72:November 2009
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64:2002 (listed)
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895:. Retrieved
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655:the original
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401:the original
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344:the original
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256:facility at
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128:
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117:Subsidiaries
77:Headquarters
33:Company type
15:
897:15 November
871:15 November
845:15 November
819:15 November
793:15 November
765:15 November
739:15 November
713:15 November
661:14 November
604:15 November
459:15 November
407:14 November
350:15 November
224:Dan Gertler
171:controlled
143:Early years
92:Area served
913:Categories
296:References
286:Kazakhstan
284:(ENRC) of
226:purchased
102:Key people
247:Gecamines
181:Gécamines
139:in 2009.
45:Traded as
651:MiningMX
548:cite web
682:Reuters
572:Reuters
479:Reuters
428:Reuters
371:Reuters
274:Metorex
240:Tremalt
232:Tremalt
177:Mukondo
109:(chair)
85:England
69:Defunct
61:Founded
687:30 May
630:30 May
578:30 May
538:30 May
511:30 May
485:30 May
433:30 May
376:30 May
340:Refwin
320:30 May
96:Africa
81:London
258:Luita
254:SX/EW
899:2011
873:2011
847:2011
821:2011
795:2011
767:2011
741:2011
715:2011
689:2022
663:2011
632:2022
606:2011
580:2022
554:link
540:2022
513:2022
487:2022
461:2011
435:2022
409:2011
378:2022
352:2011
322:2022
127:The
55:CFM
51:AIM
915::
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
