Business Maverick: Glencore’s Congo tragedy highlights security conundrum for miners

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 84%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Business Maverick: Glencore's Congo tragedy highlights security conundrum for miners By Tim Cohen tim_cohen

Many mines span hundreds of square kilometers across rural terrains, a tantalizing prospect for illegal miners, also known as artisanal miners, who break into sites in search of metals, some of which end up in electric cars and other products.

Thursday’s tragedy occurred in Democratic Republic of Congo’s Kamoto Copper Company concession, which spans kilometers of flat terrain on the outskirts of Kolwezi in the southern part of the country. The mine is operated by Kamoto Copper Company , a joint venture between Glencore-controlled Katanga Mining Ltd and the state-owned Gecamines.

In South Africa, there are an estimated 30,000 illegal miners providing one of the biggest sources of illicit gold on the continent, with an output of around 14 billion rand per year, according to ENACT, which conducts research into transnational organized crime. Miners operating in risky jurisdictions, as a result, employ a variety of measures – ranging from antagonistic to collaborative – to safeguard operations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines