Saturday , September 21 2019
Home / canada / Updated: DRC's worsening instability increases concerns of critical minerals

Updated: DRC's worsening instability increases concerns of critical minerals


updating: The results of the official elections will not be reached by January 15, but a chaotic day of voting and the possibility of a controversial outcome raise fears of greater unrest in the Democratic Republic of the Congo. Faulting voting machines, lists of missing voters and three least violent deaths occurred on December 30, Thomson Reuters reported. As a result of the crackdown of Ebola outbreaks in the northeast and violence in a western city, about 1.25 million citizens won their voting opportunity by March, months after the new president took office.

The fuss may make it easier for the government to consolidate the vote, Globe and Mail as stated. "Any controversial outcome could lead to a repeat of violence after the 2006 and 2011 elections and a wider security collapse, especially along the borders of Congo with Rwanda, Uganda and Burundi, where dozens of armed militias operate."

More to come.

By Greg Klein December 28, 2018

Rejecting further postponement of the already delayed elections could only worsen the humanitarian situation of the Democratic Republic of the Congo. Far from danger, the conflict also highlights the dangerous nature of the critical minerals needed for modern society.

The worsening instability of the DRC increases the concerns of critical minerals

(Map: US Central Intelligence Agency)

Rich in copper, gold and diamonds, and critical metals, including cobalt, tin, tantalum and niobium, the state generally chooses governments through elections, rebellion or nausea. Current President George Kabila has ruled unconstitutionally since December 2016, when his mandate ended. He set a date later on December 23, then pushed it back to the week, citing the destruction of the fire in the warehouse. On December 26, the government announced that the vote in the northeastern region would be postponed until March.

The additional delay sparked violent protests in a month that has already experienced more than 100 people killed in an ethnic war, as well as battles between police and demonstrators.

The government blamed its recent rejection of the Ebola epidemic in the northeastern region, the second largest eruption in history, the DRC since 1976 and the second in the country. The previous plague, which killed dozens in the central Western Equator region, officially ended in July. Trust in the excuse that the last vote could be delayed was not helped by the fact that the Health Ministry officially recognized the current epidemic on August 1.

Responsible for hundreds of deaths so far, this eruption has erupted in violence aimed at aid workers as well as the local population. Like other parts of the country, the region has dozens of military groups fighting government forces for control, and one for ethnic rivalries and natural resources. Natural resources can be mined, often at forced labor, to finance further bloodshed.

In 2017, the DRC supplied 58% of the world's cobalt, 34.5% of the tin and 28.5% of the tantalum. Both critical metal and conflict, the DRC Tantrum presents a particularly disturbing example of the unknown origin of supply. Neighboring Rwanda, another source of conflict disputes, has provided 30% of the global total tantalum supply for 2017.

Katanga's failure to disclose the risks associated with the nature and extent of reliance on Gertler Associates is unacceptable. Investors can not give anything short of accurate and real disclosure.Caffe Cahu,
The enforcement officer,

Some of the large companies operating in the DRC failed to rise above the country's endemic problems. In mid-December Glencore's daughter Katanga Mining TSX: KAT and its officers agreed to pay the Ontario Securities Order, penalties and costs in the amount of $ 36.25 million for a number of violations between 2012 and 2017.

OSC said Katanga seriously exaggerated production of copper and stock, and failed to disclose the material risk of DRC corruption including "the nature and scope of Catanga's reliance on individuals and related entities Dan Gertler, Gertler's close relationship with Joseph Kabila, President Accusing Gertler of possible involvement in corrupt actions in the Congo.

Gertler, a member of a prominent Israeli diamantaires family, acts as an intermediary between Kabila and the mining companies operating in Hong Kong. Kabila and his family have interests in more than 80 companies and businesses, according to research conducted by the New York University research group in 2017 and the Pulitzer Center for Reporting the Crisis.

More to come.

This article was published by Greg Klein – Resources Clips on Monday, December 31, 2018 at 9:03 am.

Source link