Mining News

DRC anti-graft chief says $530m mining payments missing

The Democratic Republic of Congo’s central bank has failed to account for $530-million that State mining company Gecamines says it paid to the government mostly during former President Joseph Kabila’s final term in office, the nation’s top anti-corruption official said.

The disappearance of the so-called tax advances was flagged by Inspector General of Finance Jules Alingete in a letter to a consortium known as Congo Hold-up that’s investigating the biggest leak of financial information from Africa. The consortium is made up of 19 media outlets, including Bloomberg News, and five non-governmental organisations.

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