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Gold/Mining/Energy : International Panorama

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To: Colin Adams who wrote (159)10/7/1997 1:16:00 PM
From: John Antoniou   of 264
 
Hi everyone,

Things are getting interesting ...
Hope this is a sing of things to come.

John

LONDON, Oct 7 (Reuter) - Government officials of the
Democratic Republic of Congo (DRC) and mining industry
representatives have agreed to form a chamber of mines, an
official of Canada's Tenke Mining Corp said on Tuesday.
Mututulo Kabale, minister of mines of the DRC, formerly
Zaire, attended the meeting, Tenke Vice President Brian Spratley
said.
"The minister recognised the need for the mining industry to
be represented in the exchange of ideas and views in order to
protect their rights as investors as well as developing their
chosen fields of production, research and exploration," Spratley
said in a statement released in London.
The meeting, held last week, was convened by Tenke Fungurume
Mining, a joint venture between Tenke Mining Corp and
state-owned Gecamines, he added.
Senior representatives of the South African and Zimbabwean
Chambers of Mines also attended, along with officials from
mining firms such as Australia's Anvil Mining NL , Anglo
American Corp of South Africa Ltd and U.S.-based
American Mineral Fields .
Kabale invited the delegates to finalise the proposed
constitution of the chamber for consideration by the government.
"Our dream will come true if the representatives here as
future members of our Chamber of Mines can raise the needed
capital to develop the mining industry using the latest ideas in
technology and management," he was quoted as saying.
The meeting also agreed to form a mining industry advisory
committee which will act as the industry representative in the
interim.
The committee will be represented in Kinshasa by Bernard van
Rooyen of U.S.-based Banro Resource Corp and Gilbert
Mundela of Canada's International Panorama Resources Corp
. Spratley will act as secretary of the committee.
--Eric Onstad, London Newsroom +44 171 542-8065

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