state-owned mining

$750m of Congo Mining Revenue ‘missing’

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More than 20% of the Democratic Republic of Congo’s mining revenue is being lost due to corruption and mismanagement, a campaign group says. According to a Global Witness report, the money is being distributed through corrupt networks linked to President Joseph Kabila. At least $750m (£580m) has gone missing over the past three years, it … Read more

EOCO To Probe Board of Directors

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Information reaching Today indicates that the immediate past board of directors of Prestea Sankofa Gold Limited (PSGL) in Prestea Huni-Valley District of the Western Region would soon be invited by Economic and Organised Crime Office (EOCO) for questioning of indebtedness of the gold mining company which has led to its abrupt shutdown. The move by EOCO to invite … Read more