His Excellency President Felix Tshisekedi of DR Congo has invited Africa largest independent mining construction company, Engineers & Planners to start Commercial mining of Bauxite in his country and also to help build the capacity of the power sector in DR Congo.
PresidentTshisekedi disclosed this during a breakfast meeting with the Chief Executive Officer of Engineers & Planners Mr. Ibrahim Mahama last Saturday in Abuja. He commended Mr. Ibrahim Mahama for his great efforts in the mining sector in Africa. Mr. Ibrahim Mahama who was was adjudged 2018 African Industrialist of the year by the UK House of Commons accepted the invitation and promised to give up the best as he’s currently doing in Ghana and other African countries.
President Felix Tshisekedi’s vision of attracting foreign investment from Indigenous Africa companies in developing the country’s mining industry has been commended by stakeholders in the mining sector in Africa.
President Tshisekedi’s speech at the U.S. Chamber early this year was highly commended by both Africa and foreign mining companies. He said he would be “attentive” to the grievances of miners and called for “win-win” applications of mining codes and also the award of mining concessions to both Africa and non African mining companies.
Presently, most operators in the DRC are owned by large mining companies. These companies include Glencore, which owns the majority stake in Katanga Mining Limited and the entire Mutanda Mining Sarl; China’s Zijin Mining through its Kolwezi Copper Mine Project and Kamoa Copper; the newly merged Barrick Gold Corporation with its Kibali mine; and China Molybdenum which bought Lundin’s Tenke Fungurume mine for USD 1.5 billion in late 2016.
The Democratic Republic of Congo is the second largest country in Africa, the 11th largest country by land area in the world and the 16th most populous country in the world with a population of approximately 86.5 million. The country is the world’s main supplier of battery ingredient cobalt and a key source of minerals from gold, copper and other minerals.
Mr. Ibrahim Mahama also honored the special invitation from the founder of United Bank of Africa (UBA), Mr. Tony Elumelu as a special guest to the 2019 Tony Elumelu Foundation Entrepreneurship forum which started on Friday 26/07/19 and ended last Saturday (27/07/19) in Abuja - Nigeria. Mr. Ibrahim Mahama also had brief meetings with other African business magnate includinig Alhaj Sanni Dangote.
Ibrahim Mahama’s founded E&P in 1997 and being successfully mining for Goldfields Ghana and other mining companies since 2002. His impact is not only limited to Ghana, his company E&P was the first to open up the Liberian economy to commercial mining activities after over two decades of civil war when they won the contract to mine the iron ore concession for Arcellor Mittal in Yekepa Liberia. His company recently signed a 1.7 Billion dollars contract with Goldfields Ghana.
The contract is currently being executed at the Tarkwa mine. He is also currently working on a cement producing company expected to provide employment opportunities for several thousands of Wholesalers and Retailers, across Ghana and the West African sub-region. The cement factory has a production capacity of 2.6 Million Tonnes per annum and this is the highest single capacity cement facility in Ghana.
Source: Peacefmonline
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Dangote indeed, how much was he having prior to his brother's presidency. Open your eyes and think perfectly before you open your mouth.Where in the world has his company engage in mining in bauxite?. Go to IRS/GRA and registrar of companies and check his financial statements,you will see the difference.
I laugh when I hear of year of return. Who should return when he/she knows very well what is happening to those who are already in the country doing business. It is only briefcase businessmen/women will return to go and give $20,000 at the Flagstaff house to see the president. Let seat her and massage our ba11s thinking there are some people returning. Anyway Trumps is sending us 7,000 of our nationals so we can use them for this use1ess year of return.
Yes, Ghanaians behave well everywhere including being in Ghana. but people of hates like you make it impossible for our progress. did the man Ibrahim go wrong in his business agreement with Ghana government? then send him to court and prosecute him. Business is business not a charity operating unit. you see that your the reason and the problem why Africa is not progressing. for no apparent reason, you hate your own being prosperous but will rejoice when a foreigner takes your wealth including your sense pride and gives you the scrabs. other countries are developing their own to take the might but you will be here destroying yours. However, when the time comes for fair representation, you have no one to stand for you. Ghana claimed gateway to Africa but achieved nothing. now Africa trade headquarters, however, if you don't have the great businessmen to do good continental business, others will nature theirs and take your wealth away leaving you to struggle for the small retail business as you have been struggling for. your happy group Ndum and Dufour businesses are collapsing. sure soon your sense of pride will be taken away. Note the name of big-time business entities makes one's country or nation great. China Huawei and others are making China great everywhere. so continue your hatred for the businessmen who don't belong to your political party.
Aooooo! All of a sudden some people have started praising Ibrahim. Asem ben koraa ni? When are some Ghanaians going to start thinking deep. You have not even seen the terms of the contract he has signed with Dr Congo to compare it with what he signed with the government of Ghana and you are rushing to praise him. Oh nooo Ghanaians. Are we not witness to many Ghanaians who throw away rubbish indiscriminately on our streets but all of a sudden put a stop to it and behave properly when they travel abroad? Think about it I am talking sense into some people. Many Ghanaians misbehave and cheat their fellow Ghanaians in Ghana but will never put up such negative behaviour when they are dealing with foreigners. Is this not the truth? Ibrahim Mahama would sign a reasonable and sensible deal with DR Congo to mine in a foreign land but would never be prepared to do same in Ghana if his brother is in power. He will willingly and glaringly breach most of the contractual terms simply because his brother is in power. It's a normal Ghanaian attitude so don't let us pretend we don't know this. At least we know how he blatantly evaded taxes in this country when his brother was in power. Do you think he would be able to do this in DR Congo? Please stop this hypocritical praises and let us breathe. Annoying!!!!
It is not enough to mine. Indeed, mining is not a new phenomenon to us. It is now time for 100% value-addition to make final consumer products for trade on the market. That is when you have an economy that works as it should work for the peoples.
His impact is not limited to Ghana indeed mr writer.corruption impact or what impact ?pls come again
Hmnnnn.His brother surreptitiously signed over 50% of bauxite production to him in-country.If the contract was legit going through parliament it would not have been a problem. In DR Congo he can do what he wants. Thats none of our 'friggin'business. Gefundenscheit!!
Kagame will never make such a mistake.
Because of politics ,this man could have been the dangote of Ghana. Irrespective of his brother been the former president .
Are you talking about the bauxite that was giving to the chi co cho (Chinese). Your government is the most uselesssssss government ever. The stone that the builders rejected. This is just the beginning. Am also called Joe, but I don't know where you got your name Joe from because Those by that name are very reasonableeee.