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Bloomberg reported that two recent below-market value sales of DRC mining assets are being questioned by the International Monetary Fund.
Bloomberg reported that two recent below-market value sales of DRC mining assets are being questioned by the International Monetary Fund.
The market news is quoted as saying:
Gecamines sold its 20 percent share of the Mutanda copper and cobalt project earlier this year for $137 million, according to its submission to the IMF. The stake was bought by Rowny Assets Ltd., a British Virgin Islands-registered entity “associated” with Gertler, according to the Glencore prospectus.
