Deal history comparison #5431

Previous version (145894)

Selected version (145895)

Location #1

Spatial accuracy level
Coordinates
Location
Bukavu, Democratic Republic of the Congo

Latitude
-2.874295346629811
Longitude
28.736438751220703
Target country
Congo, Dem. Rep.
Comment on location
Located 45 kilometres to the south-west of the city of Bukavu in the DRC 2 ̊52’ South and 28 ̊45’ East

Location #1

Spatial accuracy level
Coordinates
Location
Bukavu, Democratic Republic of the Congo

Latitude
-2.874295346629811
Longitude
28.736438751220703
Target country
Congo, Dem. Rep.
Comment on location
Located 45 kilometres to the south-west of the city of Bukavu in the DRC 2 ̊52’ South and 28 ̊45’ East

Land area

Comment on land area
The company holds six exploitation permits covering 1,164 square kilometres =116,400ha. Mine located within the permit area, exploration activities also continue to occur within the permit area. Mine area not known. Mine is located within permit area 42 (concession number 90).

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
The mine has an expected life of 14 years from currently defined reserves.

Negotiation status

Negotiation status
[2002] Concluded (Contract signed)

Implementation status

Implementation status
[2012] In operation (production)
Comment on implementation status
First gold poured in 2011, commercial production reached in 2012.

Leasing fees

Comment on leasing fees
A royalty calculated at 1.0% of re venue is paid to the DRC government.

Contract farming

Contract farming
No

Land area

Comment on land area
The company holds six exploitation permits covering 1,164 square kilometres =116,400ha. Mine located within the permit area, exploration activities also continue to occur within the permit area. Mine area not known. Mine is located within permit area 42 (concession number 90).

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
The mine has an expected life of 14 years from currently defined reserves.

Negotiation status

Negotiation status
[2002] Concluded (Contract signed)

Implementation status

Implementation status
[2012] In operation (production)
Comment on implementation status
First gold poured in 2011, commercial production reached in 2012.

Leasing fees

Comment on leasing fees
A royalty calculated at 1.0% of re venue is paid to the DRC government.

Contract farming

Contract farming
No

Operating company

Operating company
Name of investment project
Twangiza mine
Comment on investment chain
Banro is now seeking to exit the country. In January 2020, it sold its Twangiza mine to minority shareholder Baiyin International Investments of China for just $1, as the asset’s liabilities exceeded projected revenue.

Operating company

Operating company
Name of investment project
Twangiza mine
Comment on investment chain
Banro is now seeking to exit the country. In January 2020, it sold its Twangiza mine to minority shareholder Baiyin International Investments of China for just $1, as the asset’s liabilities exceeded projected revenue.

Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Company sources
File
Date
2011-03-24
Comment on data source
ECONOMIC ASSESSMENT NI 43-101 TECHNICAL REPORT, TWANGIZA PHASE 1 GOLD PROJECT, South Kivu Province, Democratic Republic of the Congo

Data source #3

Data source type
Company sources
File
Date
2015-07-29
Comment on data source
NI 43-101 TECHNICAL REPORT MINERAL RESOURCE AND RESERVE UPDATE DECEMBER 31, 2014 TWANGIZA GOLD MINE DEMOCRATIC REPUBLIC OF THE CONGO

Data source #4

Data source type
Media report
File
Date
2017-02-07
Comment on data source
Mining.com-- Four dead after armed robbers storm DRC gold mine

Data source #5

Data source type
Research Paper / Policy Report
File
Publication title
Dispossession, displacement and resistance: Artisanal miners in a gold concession in South-Kivu, Democratic Republic of Congo
Date
2014-06

Data source #6

Data source type
Company sources
File
Publication title
Investing in Capacity-Building Jobs Community & Development
Date
2,012
Comment on data source
Sustainability report

Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Company sources
File
Date
2011-03-24
Comment on data source
ECONOMIC ASSESSMENT NI 43-101 TECHNICAL REPORT, TWANGIZA PHASE 1 GOLD PROJECT, South Kivu Province, Democratic Republic of the Congo

Data source #3

Data source type
Company sources
File
Date
2015-07-29
Comment on data source
NI 43-101 TECHNICAL REPORT MINERAL RESOURCE AND RESERVE UPDATE DECEMBER 31, 2014 TWANGIZA GOLD MINE DEMOCRATIC REPUBLIC OF THE CONGO

Data source #4

Data source type
Media report
File
Date
2017-02-07
Comment on data source
Mining.com-- Four dead after armed robbers storm DRC gold mine

Data source #5

Data source type
Research Paper / Policy Report
File
Publication title
Dispossession, displacement and resistance: Artisanal miners in a gold concession in South-Kivu, Democratic Republic of Congo
Date
2014-06

Data source #6

Data source type
Company sources
File
Publication title
Investing in Capacity-Building Jobs Community & Development
Date
2,012
Comment on data source
Sustainability report

Consultation of local community

Community consultation
Not consulted
Comment on consultation of local community
No real consultation and farmers and miners were being negatively affected by the company’s exploration work and road construction. In 2009, after facing a lot of resistance from the local population, it took the initiative to set up a community forum with four working groups, representing the local community in negotiations and decisions over resettlement, compensation and local development.

Displacement of people

Displacement of people
Yes
Number of households actually displaced
463
Comment on displacement of people
According to the company report, 463 households residing in the mine footprint needed to be resettled.Up to the end of October 2012, 238 of the total of 463 households had been relocated to the newly built village.

Negative impacts for local communities

Negative impacts for local communities
Environmental degradation
Socio-economic
Displacement
Comment on negative impacts for local communities
Water was redirected away from the artisanal mines, and forced the miners to either relocate or find alternate occupations in order to survive and earn livelihoods

Promised or received compensation

Received compensation (e.g. for damages or resettlements)
Up to the end of October 2012, 238 of the total of 463 households had been relocated to the newly built village of Cinjira on land selected by the community and provided by the local chief.

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Roads
Other
Comment on promised benefits for local communities
The company promised to invest in major social infrastructure projects such as schools, health clinics, potable water projects, community facilities and roads and bridges, with the goal of continually enhancing the quality of life and economic opportunities for the thousands. of people living in and near Luhwindja

Materialized benefits for local communities

Materialized benefits for local communities
Roads

Consultation of local community

Community consultation
Not consulted
Comment on consultation of local community
No real consultation and farmers and miners were being negatively affected by the company’s exploration work and road construction. In 2009, after facing a lot of resistance from the local population, it took the initiative to set up a community forum with four working groups, representing the local community in negotiations and decisions over resettlement, compensation and local development.

Displacement of people

Displacement of people
Yes
Number of households actually displaced
463
Comment on displacement of people
According to the company report, 463 households residing in the mine footprint needed to be resettled.Up to the end of October 2012, 238 of the total of 463 households had been relocated to the newly built village.

Negative impacts for local communities

Negative impacts for local communities
Environmental degradation
Socio-economic
Displacement
Comment on negative impacts for local communities
Water was redirected away from the artisanal mines, and forced the miners to either relocate or find alternate occupations in order to survive and earn livelihoods

Promised or received compensation

Received compensation (e.g. for damages or resettlements)
Up to the end of October 2012, 238 of the total of 463 households had been relocated to the newly built village of Cinjira on land selected by the community and provided by the local chief.

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Roads
Other
Comment on promised benefits for local communities
The company promised to invest in major social infrastructure projects such as schools, health clinics, potable water projects, community facilities and roads and bridges, with the goal of continually enhancing the quality of life and economic opportunities for the thousands. of people living in and near Luhwindja

Materialized benefits for local communities

Materialized benefits for local communities
Roads

Former land owner (not by constitution)

Comment on former land owner
The gold deposit was originally discovered in 1950's. In 1996, Banro acquired control of the Twangiza property. The mine was started after 2000.

Former land use

Former land use
Other
Comment on former land use
artisanal mining

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)

Former land owner (not by constitution)

Comment on former land owner
The gold deposit was originally discovered in 1950's. In 1996, Banro acquired control of the Twangiza property. The mine was started after 2000.

Former land use

Former land use
Other
Comment on former land use
artisanal mining

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)

Detailed crop, animal and mineral information

Resources area
Gold

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes

Detailed crop, animal and mineral information

Resources area
Gold

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes

Water extraction envisaged

Water extraction envisaged
Yes

Water extraction envisaged

Water extraction envisaged
Yes