• Servicios
  • Contact
  • Subscribe
martes, julio 1, 2025
Suscríbete
  • Login
  • Register
LATAM-MINING
Advertisement
  • Inicio
  • Países
    • Argentina
    • Brasil
    • Chile
    • Colombia
    • Ecuador
    • México
    • Nicaragua
    • Perú
    • Latinoamérica
    • Estados Unidos
    • Europa
  • Secciones
    • Negocios
    • Actualidad
    • Energía
    • Entrevistas
    • Especiales
  • Opinión
  • Glosario Minero
  • Eventos
  • Servicios
No Result
View All Result
LATAM-MINING
  • Inicio
  • Países
    • Argentina
    • Brasil
    • Chile
    • Colombia
    • Ecuador
    • México
    • Nicaragua
    • Perú
    • Latinoamérica
    • Estados Unidos
    • Europa
  • Secciones
    • Negocios
    • Actualidad
    • Energía
    • Entrevistas
    • Especiales
  • Opinión
  • Glosario Minero
  • Eventos
  • Servicios
LATAM-MINING
No Result
View All Result

Banro dangling Congo gold mine to best bidder

8 de febrero de 2020
in Sin categoría
Reading Time: 2 mins read
0

Canada’s Banro Corporation will put its Namoya gold mine in eastern Congo up for sale at a significant discount, after repeated attacks from armed rebels forced it to halt operations once again in September.

The Toronto-based miner, present in
eastern DRC since the 1990s, said the decision to offload Namoya was based on the
lack of government support to keep its staff and assets safe.

Lectura relacionada

México: Jackie al 100%

México: Jackie al 100%

22 de mayo de 2025
Brasil: Descenso en Brasil

Brasil: Descenso en Brasil

28 de abril de 2025

Banro had a challenging run that nearly ended in bankruptcy three years ago. The government had confiscated its licenses during a civil war that killed five million people, returning them in 2002 as the conflict drew to a close.

Last month Banro sold its other mine in Congo — Twangiza — for just $1 because the asset’s liabilities exceeded projected revenue

In the following years, the company built its Twangiza and Namoya mines. The latter has been since then the target of multiple attacks, which led the cash-strapped company to halt operations in 2017.

A Canadian court approved a rescue
plan in early 2018, enabling the company’s main creditors — Chinese
state-controlled Baiyin International Investments and Connecticut-based
Gramercy Funds Management — to become its senior shareholders.

The move allowed Banro to resume
operations. Fresh attacks, however, including the kidnapping of four employees in July, disrupted mining
activities once again.

The company ended up signing an agreement with the leader of the Mai Mai militia, allowing artisanal local miners to temporarily extract gold from Namoya’s site in exchange for the release of the abducted workers, which were held for several weeks before being released, La Libre Afrique reported.

Banro is now seeking to exit the country. Last month, it sold its Twangiza mine to minority shareholder Baiyin International Investments of China for just $1, as the asset’s liabilities exceeded projected revenue, chairman Brett Richards told Reuters on Friday.

The executive is hoping he can do the same with Namoya. “I’m actively trying to sell the business for very, very low value to see if somebody else can come in and accept the unstable environment that has been created by the government,” Richards said.

(With files from Reuters)

Previous Post

Amex continues to define Perron zones

Next Post

Tecnología: Inside the ICA’s new global standard for sustainable copper production

Next Post
Tecnología: Inside the ICA’s new global standard for sustainable copper production

Tecnología: Inside the ICA’s new global standard for sustainable copper production

Deja una respuesta Cancelar la respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

TEMAS A CUBRIR!

  • Actualidad (872)
  • Aluminio (2)
  • Argentina (558)
  • Bolivia (192)
  • Brasil (281)
  • Canadá (35)
  • Chile (1.566)
  • Cobre (227)
  • Colombia (380)
  • Destacados (1.888)
  • Diamantes (14)
  • Ecuador (271)
  • Energía (224)
  • Entrevistas (15)
  • Estados Unidos (187)
  • Europa (38)
  • Eventos (36)
  • Glosario Minero (4)
  • Gold (269)
  • hierro (1)
  • Honduras (1)
  • Internacionales (64)
  • Latinoamérica (262)
  • Litio (4)
  • México (971)
  • Mina (1.090)
  • Negocios (669)
  • Nicaragua (15)
  • Opinión (5)
  • Panamá (17)
  • Perú (2.094)
  • Petróleo (3)
  • Petróleo y Gas (25)
  • Plata (5)
  • Productividad (1.128)
  • Regionales (14)
  • República Dominicana (1)
  • Responsabilidad Social (171)
  • Seguridad Minera (139)
  • Sin categoría (4.573)
  • Tecnología Minera (1.156)

Noticias recientes

  • Argentina: Argentina Récord Energético
  • Chile: Tramitología Frena Chile
  • Ecuador: Duro Golpe a Minería Ilegal en Ecuador
  • Perú: Minería Ilegal Amenaza Cobre Peruano
  • México: Heliostar Impulsa La Colorada
  • Perú: Trapiche: Revolución en Lixiviación
  • Chile: Cobre Chileno en Riesgo

Temas a cubrir

  • Actualidad (872)
  • Aluminio (2)
  • Argentina (558)
  • Bolivia (192)
  • Brasil (281)
  • Canadá (35)
  • Chile (1.566)
  • Cobre (227)
  • Colombia (380)
  • Destacados (1.888)
  • Diamantes (14)
  • Ecuador (271)
  • Energía (224)
  • Entrevistas (15)
  • Estados Unidos (187)
  • Europa (38)
  • Eventos (36)
  • Glosario Minero (4)
  • Gold (269)
  • hierro (1)
  • Honduras (1)
  • Internacionales (64)
  • Latinoamérica (262)
  • Litio (4)
  • México (971)
  • Mina (1.090)
  • Negocios (669)
  • Nicaragua (15)
  • Opinión (5)
  • Panamá (17)
  • Perú (2.094)
  • Petróleo (3)
  • Petróleo y Gas (25)
  • Plata (5)
  • Productividad (1.128)
  • Regionales (14)
  • República Dominicana (1)
  • Responsabilidad Social (171)
  • Seguridad Minera (139)
  • Sin categoría (4.573)
  • Tecnología Minera (1.156)
  • Inicio
  • Países
  • Secciones
  • Opinión
  • Glosario Minero
  • Eventos
  • Servicios

© 2019 Latam-Mining - Design Peru-Retail Web Services www.peru-retail.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Inicio
  • Países
    • Argentina
    • Brasil
    • Chile
    • Colombia
    • Ecuador
    • México
    • Nicaragua
    • Perú
    • Latinoamérica
    • Estados Unidos
    • Europa
  • Secciones
    • Negocios
    • Actualidad
    • Energía
    • Entrevistas
    • Especiales
  • Opinión
  • Glosario Minero
  • Eventos
  • Servicios

© 2019 Latam-Mining - Design Peru-Retail Web Services www.peru-retail.com