His Excellency President Felix Tshisekedi of DR Congo has invited Africa largest independent mining construction company, Engineers & Planners to start Commercial mining of Bauxite in his country and also to help build the capacity of the power sector in DR Congo.
PresidentTshisekedi disclosed this during a breakfast meeting with the Chief Executive Officer of Engineers & Planners Mr. Ibrahim Mahama last Saturday in Abuja. He commended Mr. Ibrahim Mahama for his great efforts in the mining sector in Africa. Mr. Ibrahim Mahama who was was adjudged 2018 African Industrialist of the year by the UK House of Commons accepted the invitation and promised to give up the best as he’s currently doing in Ghana and other African countries.
President Felix Tshisekedi’s vision of attracting foreign investment from Indigenous Africa companies in developing the country’s mining industry has been commended by stakeholders in the mining sector in Africa.
President Tshisekedi’s speech at the U.S. Chamber early this year was highly commended by both Africa and foreign mining companies. He said he would be “attentive” to the grievances of miners and called for “win-win” applications of mining codes and also the award of mining concessions to both Africa and non African mining companies.
Presently, most operators in the DRC are owned by large mining companies. These companies include Glencore, which owns the majority stake in Katanga Mining Limited and the entire Mutanda Mining Sarl; China’s Zijin Mining through its Kolwezi Copper Mine Project and Kamoa Copper; the newly merged Barrick Gold Corporation with its Kibali mine; and China Molybdenum which bought Lundin’s Tenke Fungurume mine for USD 1.5 billion in late 2016.
The Democratic Republic of Congo is the second largest country in Africa, the 11th largest country by land area in the world and the 16th most populous country in the world with a population of approximately 86.5 million. The country is the world’s main supplier of battery ingredient cobalt and a key source of minerals from gold, copper and other minerals.
Mr. Ibrahim Mahama also honored the special invitation from the founder of United Bank of Africa (UBA), Mr. Tony Elumelu as a special guest to the 2019 Tony Elumelu Foundation Entrepreneurship forum which started on Friday 26/07/19 and ended last Saturday (27/07/19) in Abuja – Nigeria. Mr. Ibrahim Mahama also had brief meetings with other African business magnate includinig Alhaj Sanni Dangote.
Ibrahim Mahama’s founded E&P in 1997 and being successfully mining for Goldfields Ghana and other mining companies since 2002. His impact is not only limited to Ghana, his company E&P was the first to open up the Liberian economy to commercial mining activities after over two decades of civil war when they won the contract to mine the iron ore concession for Arcellor Mittal in Yekepa Liberia. His company recently signed a 1.7 Billion dollars contract with Goldfields Ghana.
The contract is currently being executed at the Tarkwa mine. He is also currently working on a cement producing company expected to provide employment opportunities for several thousands of Wholesalers and Retailers, across Ghana and the West African sub-region. The cement factory has a production capacity of 2.6 Million Tonnes per annum and this is the highest single capacity cement facility in Ghana.