Congo State Copper Producer Plans Fivefold Output Increase
- Gecamines plans investment, job cuts to revive operations
- Advocacy groups say greater transparency needed for success
A Gecamines sign stands at the entrance to Katanga Mining Ltd.'s copper-cobalt mining complex in Kolwezi, Katanga province, Democratic Republic of Congo.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Gecamines, the Democratic Republic of Congo’s state-owned miner, said it will implement measures to re-establish itself as a major copper producer within three years.
The plan is at least the second attempt to revitalize the ailing company since new management was appointed in 2010. Critics say that to succeed, it has to provide greater transparency on investments, joint ventures and finances.