Deal #2012

Location #1

Spatial accuracy level
Administrative region
Location
Mongbwalu, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.
Comment on location
The deposit lies about 48km northwest of the town of Bunia.

Land area

Intended size (in ha)
200000
Size under contract (leased or purchased area, in ha)
[1996] 200000
Comment on land area
Concession 40 is a total of 10 000 square kilometers mining agreement. This includes exploration area and mining lease agreement of 2,000 square kilometers- This was the size in 1996. New exploration contract signed in 2010 granting 6000 square km for exploration.

Intention of investment

Intention of the investment
Mining
Comment on intention of investment
gold cobalt and copper ore

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[1996] Concluded (Contract signed)
[1997] Failed (Contract cancelled)
Comment on negotiation status
Ashanti Goldfields purchased half of the stake of KIMIN owned by Mindev in April 1996. The remaining portion of the stake of Mindev in KIMIN was acquired by Ashanti Goldfields in 1998 and the company’s name was changed to Ashanti Goldfields Kilo (SCARL) ("AGK"). New exploration joint venture was signed in 2010 with OKIMO. No operations underway as yet (2017).

Implementation status

Implementation status
[1997] Project abandoned
Comment on implementation status
As a result of civil war in the region in 1997, all mining operations in the Mongbwalu area were halted and the site handed over to OKIMO. In December 2004, as a result of the discussions held with DRC government officials and other parties, an exploration team was deployed at Mongbwalu and exploration drilling commenced in Concession 40 in January 2005.

Contract farming

Contract farming
No

Number of total jobs created

Jobs created (total)
Yes
Current number of employees (total)
600

Operating company

 

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Data source #1

Data source type
Media report
File

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Company sources
File
Date
2010-03-26
Comment on data source
AngloGold Ashanti enters definitive joint venture agreement with OKIMO in DRC

Data source #5

Data source type
Contract
File

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Roads

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)

Former land use

Former land use
Other
Comment on former land use
Mining activities

Former land cover

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

Detailed crop, animal and mineral information

Resources area
Cobalt, Copper, Gold

Use of produce

Has export
Yes

Water extraction envisaged

Water extraction envisaged
Yes

Overall comment

Overall comment
The area has been mined since the beginning of the 20th century. Operations were halted numerous times because of conflicts. New exploration joint venture was signed in 2010 with OKIMO. No operations underway as yet (2017).

May 14, 2018, 9:47 p.m.

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Jan. 9, 2017, 12:13 p.m.

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April 4, 2013, 3:58 p.m.

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Feb. 15, 2013, 5:03 p.m.

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