Glencore’s CEO seen gunning for Anglo American after Xstrata (Bloomberg)

According to people familiar with his thinking, Ivan Glasenberg may consider a long-speculated takeover of Anglo American after he takes over Xstrata. What will Ivan do next? That’s the question likely to percolate amid seaside cocktails in Cape Town this week as mining executives gather for a four-day industry confab of speeches and discreet meetings.

Le ministre des Finances fustige « la mauvaise gouvernance » au sein de la Gécamines

Matata et Yuma (Radiookapi.net Picture) Dans un communiqué rendu public, dimanche 23 décembre, le ministre délégué aux Finances, Patrice Kitebi, appelle les responsables de la Gécamines à améliorer la gouvernance dans cette entreprise publique transformée en société commerciale en 2011. Ce communiqué fait suite à la suspension des prêts accordés à la RDC par le Fonds monétaire international (FMI) décidée à la fin du mois de novembre à cause de la non publication de certains contrats miniers.

ENRC Offers $550 Million to Buy Dan Gertler Out of Congo Unit

ENRC was present at Grand Karavia’s Katanga IPAD 2012 (MNM Picture) Dec. 8 (Bloomberg) – Eurasian Natural Resources Corp. offered $550 million to buy out Israeli billionaire Dan Gertler from a company holding interests in copper and cobalt licenses in the Democratic Republic of Congo. The cash bid is for 49.5 percent of Camrose Resources Ltd., which is indirectly owned by a Gertler family trust, London-based ENRC said yesterday in an e-mailed statement. The offer, which also is for minority shareholdings in some Camrose units, is expected to close by…

IMF halts Congo loan over mining contract concerns

Dec 3 (Reuters) – The IMF has halted $240 million in planned loans to Democratic Republic of Congo for failing to publish mining contracts as requested, the IMF’s representative in Congo said on Monday. President Joseph Kabila, grappling with a costly war in the eastern borderlands, had sought to woo investors with promises to tackle rampant corruption.

First Quantum ‘surprised and disappointed’ at Inmet Mining’s rejection of C$4.86b offer

While some suggest First Quantum Minerals may not want to engage in a hostile takeover of Canadian copper miner Inmet, additional offers could be forthcoming from other companies. First Quantum Minerals confirmed Thursday that it had approached Inmet Mining on October 28th “on a friendly basis to discuss a possible combination of the two mining companies.

Conflict minerals not fueling M23 rebellion

johannesburg (Osisa.org) – The capture of Goma by M23 rebel forces is the latest demonstration of the ineffectiveness of the government of the Democratic Republic of Congo (DRC) and its army (the FARDC). Whatever the political machinations behind the military’s most recent capitulation may be, the overarching themes are the longstanding institutional and governance weaknesses of Congo’s central authorities – weaknesses that the Southern Africa Resource Watch (SARW) has highlighted multiple times in its reports and analyses.

Paris élude la nationalisation de Florange, Mittal investira

PARIS (Reuters) – Le gouvernement français a annoncé vendredi soir un accord avec ArcelorMittal sur l’avenir de Florange, évitant ainsi d’avoir à exécuter sa menace de nationalisation du site sidérurgique mosellan. Le Premier ministre a annoncé que le géant de l’acier acceptait d’investir 180 millions d’euros sur cinq ans dans la partie transformation de l’acier de Florange, mais les hauts-fourneaux du site ne seront pas rallumés.