US pushback fuels Gécamines’ Chemaf acquisition bid

The Democratic Republic of Congo’s (DRC) state miner Gécamines has offered $1 million to takeover heavily indebted Chemaf Resources (Chemaf), to prevent its assets falling into the hands of a Chinese entity, according to Reuters. Chemaf agreed to sell its Congolese assets to Chinese state-owned Norin Mining (Norin) in June, a company with ties to […]