Congo State miner failed to log $740m in revenues, report says

November 5, 2017

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Democratic Republic of Congo’s State mining company failed to internally register $740-million in income between 2011-2014, much of which is now untraceable, the Carter Center said in a report on Friday. The amount makes up two-thirds of the $1.1-billion that the copper producer was entitled to collect from international mining partners during that period and there is no evidence how half of it was spent, the U.S.-based democracy watchdog said.

Category: General