Contact:
In Atlanta, Soyia Ellison, soyia.ellison@cartercenter.org
In Atlanta, Deanna Congileo, deanna.congileo@cartercenter.org
In New York, Daniel Mulé, daniel.mule@cartercenter.org
In Brussels, Elisabeth Caesens, coordo@congomines.org
ATLANTA — The Carter Center today released the first part of a comprehensive report, A State Affair: Privatizing Congo’s Copper Sector, which is the culmination of years of research on the contractual and financial practices of the Democratic Republic of Congo’s state-owned mining company, Gécamines, and its most important investment partners.
The analysis is based on 200 interviews and a review of over 100 mining contracts, at least 1,000 corporate documents, and data from the Extractive Industries Transparency Initiative covering 2007–2014.
The first installment details how Congo’s state-owned copper broker, Gécamines, is operating as a parallel state. It documents how Gécamines has been able to use its privileged position to generate US$1.1 billion from copper and cobalt deals between 2011 and 2014. Nearly two-thirds of these revenues – or US$750 million – cannot be reliably tracked to its accounts. Key findings include:
Though the DRC is rich in natural resources, its people are among the poorest in world. Despite billions of dollars in private investment in the extractive sector, the proceeds have thus far generated limited public benefits. The Carter Center’s report presents recommendations to improve Gécamines’ transparency and accountability so that the company better contributes to the development of the DRC and the welfare of the Congolese people.
“The DRC has the potential to overcome the legacy of mismanagement and corruption that has plagued its extractive industries,” former U.S. President Jimmy Carter wrote in the report’s foreword. “I call on political leaders to work with the private sector, civil society, the international community, and others to ensure responsible stewardship of the DRC’s natural resources.”
In coming weeks, The Carter Center will release four case studies as part of A State Affair, focusing on some of the DRC’s most important mining projects. These studies illustrate the overall trends of the sector in greater detail and shine a light on the decisions and practices that have deprived the DRC and its people of many of the benefits of Gécamines’ deal-making.
Translations
Le Centre Carter publie un rapport exhaustif sur la société minière étatique du Congo et ses partenaires d’investissement
Affaire d’Etat : Privatisation du secteur du cuivre en République Démocratique du Congo (PDF)
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