DRC stares at $3.7b loss in skewed mining deals

Minerals.

A worker drives a fork-lift past a machine pouring a mixture of copper and cobalt in a bag at the STL (Société pour le traitement du terril de Lubumbashi) processing plant in Lubumbashi. PHOTO | AFP

Democratic Republic of Congo leader Félix Tshisekedi is seeking a review of some mining contracts with foreign companies as a lobby warns that the country will potentially lose at least $3.7 billion in skewed mining and oil deals with controversial Israeli billionaire Dan Gertler.

Kinshasa has already lost out on nearly $2 billion in revenue by selling mining and oil assets to Mr Gertler, according to a coalition of Congolese and international organisations, which has urged the government to review the deals.