NGOs fear that DRC mining contract review process has been hijacked.

Fatal Transactions has signed a press releas in which NGO's express their concern about how the contract reviews in the Democratic republic of Congo are being hijacked. The NGO's call on authorities in Europe and North America to act and publicly support an open and transparent process of negotiation.

It is increasingly apparent that new deals are being struck behind closed doors despite the fact that the review process is not yet completed nor transparent. The NGO's refer to the announcement on January 28th that China's Sinohydro Corporation and the China Railway Engineering Corporation, have received mining concessions that previously were held by the Katanga Mining Company. This transfer is part of the deal for the $5 billion loan from China's Exim Bank. NGO's Would like the DRC government to explain when and how this decision was reached while the contract reviews are still in process.

The NGO's are reminding all parties involved in the review that the reconstruction and development of the DRC can only be achieved by ensuring the fair and transparent exploitation of the country's natural resources. The stakes of the mining contract review are extraordinarily high, as the credibility of the efforts of the Congolese government and the international community to promote good governance in the mining sector as well as the future development of DRC more broadly depends on it.

Read the full press release in English or French below.
This press release is part of the campaign a Fair Share for Congo!