Wednesday, September 28, 2011

Anatomy of the Looting of the Congo

Are you still wondering how Congo is looted and who the biggest criminals are? Gecamines sold its 20 percent share of the Mutanda copper and cobalt project earlier this year for $137 million, according to its submission to the IMF. The stake was bought by Rowny Assets Ltd., a British Virgin Islands-registered entity “associated” with Gertler, according to the Glencore prospectus. Read entire article here: http://www.bloomberg.com/news/2011-09-28/imf-asks-congo-for-explanation-on-state-mining-assets-sale.html