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VISION AND MISSION – PHILEX MINING CORPORATION. Having expanded its Vision and Mission and geared this toward Philex Mining becoming a premier mining company as well as a highlyrespected and worldclass business entity, it is important for the company to keep its Core Values alive in the hearts and actions of its employees and key partners.
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Glencore to buy Gertler out of its DRC copper and cobalt ... Glencore on Monday announced a 960m deal to buy Israeli billionaire Dan Gertler out of two of the miningcumtrading company''s copper and cobalt operations in the Democratic Republic of Congo. Get price
Bloomberg – A 20year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go. The government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and .
Glencore and Dan Gertler were partners in mining ventures in Democratic Republic of Congo for a decade, until Glencore bought out Gertler in a billiondollar deal in February 2017. Gertler owns rights to royalty payments from the Mutanda mining project.
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Between 2010 and 2012, major mining concessions in Democratic Republic of Congo were acquired by huge international mining companies for billions of dollars.. But most of that money never reached the Congolese state coffers. The assets were sold in secret, initially transferred at knockdown prices to a series of offshore companies, which then made the sales to the major multinational companies.
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The Mining industry of the Democratic Republic of the Congo is a significant factor in the world''s production of cobalt, copper, diamond, tantalum, tin, and gold. It is the Democratic Republic of the Congo''s largest source of export income. In 2009, the Democratic Republic of the Congo (DRC) had an estimated 24 trillion in untapped mineral deposits, including the world''s largest reserves of ...
This enrichment has been achieved through a relatively simple process. A specific DRC mining asset (say, ABC) is sold to an offshore entity, which then sells it on – known as a "flip" – at a massive profit, to another entity. The new owner then raises cash in Western markets and redevelops ABC as a legitimate mining .
US sanctions Israeli mining mogul Gertler over Congo deals Treasury includes billionaire accused of corrupt business arrangements with DRC president on list of 13 ...
Nov 05, 2017· The inside story of Glencore''s hidden dealings in DRC ... loan to secure valuable DRC mining rights. Ben ... of the commodities multinational Glencore and the Israeli mining billionaire Dan ...
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Governance, mining and the transitional regime in the Democratic Republic of Congo Governance, mining and the transitional regime in the Democratic Republic of Congo NiZA Netherlands institute for Southern Africa PO Box 10707 ... DCP DRC Copper and Cobalt Project DGI Dan Gertler International
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Dec 21, 2017· Dan Gertler, an Israeli billionaire invested in the Democratic Republic of Congo''s mining sector, has been added to a US Treasury''s list of individuals under sanction, potentially squeezing ...
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