Canada-listed junior miner AJN Resources dismissed an attempt to block the company’s plan to buy five gold projects in Democratic Republic of Congo and said the country needed it to bring value to the assets.
Civil society groups on Thursday called on the President and Prime Minister to block a draft deal announced in early February, which cabinet meeting minutes showed last week is awaiting their approval.
Under the deal, AJN Resources’ Congo unit would acquire stakes of between 30% and 35% in five gold projects in eastern Congo from state-owned gold company Société Minière de Kilo-Moto (SOKIMO) in exchange for a 60% stake in AJN.