Civil society groups on Thursday called on the President and Prime Minister to deny Canada-listed junior miner AJN Resources approval for it to buy five projects from Democratic Republic of Congo’s State-owned gold company.
The deal awaits approval from the president and prime minister, Cabinet meeting minutes showed last week, after the Congolese minister who oversees the country’s state-owned enterprises, gave it his accord.
Under the draft deal announced in early February, AJN Resources’ Congo unit would acquire stakes of between 30% and 35% in five gold projects from Société Minière de Kilo-Moto (Sokimo) in exchange for a 60% stake in AJN.