Gécamines

Gécamines

Infobox_Company
company_name = Gécamines
company_
company_type = State-owned company
slogan =
foundation = 1966
location_city = Lubumbashi
location_country = DRC
key_people =
industry = Mining
products = Copper, Cobalt, Zinc and other minerals

Gécamines, or La Générale des Carrières et des Mines, is a state-owned mining company in the Democratic Republic of Congo (DR Congo). Its principal products are copper (for which Katanga is well known, and which often accounted for 50% of export earnings), cobalt and zinc. Additional minerals mined include uranium.

History

Gécamines is the successor to the Union Minière du Haut Katanga. On December 31, 1966, the Congolese government, under dictator Mobutu Sese Seko, took over the UMHK, an immensely profitable Belgian mining trust founded on 1906, and transformed it into a state-owned firm, Gécamines. From that point onwards the company's fortunes declined, as did those of the rest of the country (between 1965 and 1987, Congolese GDP per head fell by 2.4%).

Under President Mobutu's kleptocratic rule, theft and corruption were not uncommon, driving the once profitable firm to the brink of bankruptcy (it has yet to account for a $400 million World Bank loan in 1989), and leaving it so cash-stripped that it had to enter partnerships with other firms merely to keep itself afloat. One Gécamines official estimated theft to amount to 10% of production. Nonetheless, the company remained crucial to Congolese finance: In 1989, Gécamines provided 85% of DR Congo's export earnings (against 60% provided by the UMHK in 1960), and 42% of public revenues, making it by far the most important company in the country.

In the 1990s, Gécamines' financial situation took a blow, adversely affected by several issues, including the ageing of infrastructure and equipment, collapse of the mine of Kamoto, and ethnic riots in Shaba. These led to a slump in production, as can be seen in the copper production chart below.

Operations

Production of copper, by year.
* 1989: 440,848 tons of copper, 54,043 tons of zinc.
* 1990: 376,000 tons of copper.
* 1991: 240,000 tons of copper, 30,000 tons of zinc, 9,800 tons of cobalt.
* 1994: 32,412 tons of copper, 2,515 tons of zinc, 3,631 tons of cobalt.
* 2001: 27,507 tons of copper, 3,463 of cobalt.
* 2002: 21,186 tons of copper, 828 tons of zinc, 1,780 tons of cobalt.
* 2003: 16,172 tons of copper (8,000 tons of refined copper), 1,200 tons of refined cobalt.

Despite these unfortunate figures, it must be remembered that Gécamines is still in possession of proven, probable, and possible ore reserves of copper (56 Mt contained metal), cobalt (4 Mt), and germanium (3.4 Mt), and zinc (6.4 Mt). With assistance from the World Bank, aided by partnerships with other firms and by proper governance in DR Congo, Gécamines hopes to resume its former copper production.

Sites owned by Gécamines

Mines

* Kakanda/Kambove (copper), jointly with the International Panorama Resources Corporation
* Kamfundwa (copper) jointly with the Harambee Mining Corporation and Sogemin
* Kamoto (copper)
* Kipushi (copper, gold and zinc) jointly with Adastra Minerals and the Zinc Corporation of SA Ltd
* Kolwezi (copper)
* Kov (copper)

Copper smelters

* Lubumbashi

Copper refineries

* Shituru


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Gecamines — Gécamines La Gécamines, ou Société générale des carrières et des mines, est une société d état gérant une grande partie des exploitations minières de la province du Katanga au Congo (Kinshasa). Elle fut créée en 1966 pour remplacer l Union… …   Wikipédia en Français

  • Gécamines — (Générale des Carrières et Mines, früher Union Minière du Haut Katanga) ist die Bezeichnung eines Bergbauunternehmens und des zugehörigen Bergbaukomplexes in der Provinz Katanga in der Demokratischen Republik Kongo. In dem Komplex, der Ausmaße… …   Deutsch Wikipedia

  • Gecamines — Gécamines (Générale des Carrières et Mines, früher Union Minière du Haut Katanga) ist die Bezeichnung eines Bergbauunternehmens und des zugehörigen Bergbaukomplexes in der Provinz Katanga in der Demokratischen Republik Kongo. In dem Komplex, der… …   Deutsch Wikipedia

  • Gécamines — Générale des Carrières et des Mines Création 1966 Forme juridique société d état Siège social …   Wikipédia en Français

  • Hôpital Gécamines Sud — 11° 40′ 32″ S 27° 27′ 55″ E / 11.67542, 27.46539 …   Wikipédia en Français

  • Gécamine — Gécamines La Gécamines, ou Société générale des carrières et des mines, est une société d état gérant une grande partie des exploitations minières de la province du Katanga au Congo (Kinshasa). Elle fut créée en 1966 pour remplacer l Union… …   Wikipédia en Français

  • Copper mining in the Democratic Republic of the Congo — mainly takes place in the Copper Belt of the southern Katanga Province of the Democratic Republic of the Congo.[1] Contents 1 Geology 2 History 3 Companies …   Wikipedia

  • Заир —         (Zaire), Pеспублика Заиp (La Republique de Zaire), гос во в Центр. Aфрике. Пл. 2345 тыс. км2. Hac. 28,1 млн. чел. (1982, оценка). Cтолица Kиншаса. B адм. отношении терр. З. разделена на 9 областей. Oфиц. язык французский. Денежная единица …   Геологическая энциклопедия

  • Economie de la Republique democratique du Congo — Économie de la République démocratique du Congo République démocratique du Congo Indicateurs économiques Commune de la Gombe, centre d affaire Monnaie Franc congolais (CDF) An …   Wikipédia en Français

  • Liste D'entreprises De République Démocratique Du Congo — Liste d entreprises congolaises (RDC) Participez au projet entreprises La liste ci dessous ne pouvant regrouper l ensemble des entreprises du Congo Kinshasa, elle propose de rassembler les grandes entreprises (plus de 250 employés) ou encore les… …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”