Ivanhoe Signed Term Sheet With Congo Aide’s Company in 2021
- Miner says presidential adviser Tshimanga reneged on deal
- Tshimanga facing trial in Congo, arbitration case in Paris
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Ivanhoe Mines Ltd. confirmed a business relationship with a presidential aide who was arrested in a corruption case in Democratic Republic of Congo, where the firm controls one of the world’s biggest copper deposits.
Ivanhoe struck a deal last year with Vidiye Tshimanga, a top aide to Congo’s President Felix Tshisekedi, the firm said in a statement on Dec. 14. He was arrested in September after a series of secretly-taped videos appeared to show him offering political protection for an unnamed mining deal in exchange for a stake in the venture.