Ex-Congolese Mine Regulator Seeks to Be Sole Pure Tin Producer
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Five years after Victor Kasongo quit his job regulating mining companies as a deputy minister in the Democratic Republic of Congo, he’s seeking to become the country’s sole producer of pure tin.
South Africa’s Nedbank Ltd., First Bank of Nigeria Ltd. and Gabon’s Groupe BGFIBank have together offered Kasongo’s Congo Premier Sarl a $20 million loan. That will allow him to buy machinery to mechanize his mining operation near Congo’s eastern town of Kisangani and supply his revived furnaces with ore faster, Kasongo said in a Feb. 11 interview in Cape Town.