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cobalt investing

DRC sacks Gecamines top management

Written by Investing News Network
|
Nov. 24, 2010 09:37AM PST

Mining Weekly.com reports that due to ineffective leadership , Cobalt mining company Gecamines has replaced executive management.

Mining Weekly.com reports that due to ineffective leadership , Cobalt mining company Gecamines has replaced executive management.

The editorial is quoted as saying:

But despite joint ventures in 30 projects with private international companies at the end of 2009 in some of the world’s most lucrative mining operations throughout Katanga, Gecamines has been saddled with debt, low revenues and a fall in its own output under the old management team.

To access the full editorial, click here.

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