General News of Monday, 29 July 2019
President of DR Congo, Mr Felix Tshisekedi is said to have invited Engineers and Planners, an independent mining construction company, to start commercial mining of bauxite in the Democratic Republic of Congo (DR Congo).
In addition to that, Engineers and Planners is to help build the capacity of the power sector in DR Congo.
President Tshisekedi is said to have extended the invitation when he met the Chief Executive Officer of Engineers and Planners, Mr Ibrahim Mahama last Saturday in Abuja during a breakfast meeting organised by the African Development Bank (AfDB) to discuss investment opportunities in DR Congo.
President Tshisekedi is said to have commended Mr Ibrahim Mahama for his great efforts in the mining sector in Africa.
Mr Ibrahim Mahama accepted the invitation and promised to give up the best as he is currently doing in Ghana and other African countries.
President Felix Tshisekedi’s vision of attracting foreign investment from Indigenous Africa companies in developing the country’s mining industry has been commended by stakeholders in the mining sector in Africa.
In a recent speech at the U.S. Chamber, he said he would be “attentive” to the grievances of miners and called for “win-win” applications of mining codes and also the award of mining concessions to both Africa and non-African mining companies.
DR Congo is the second-largest country in Africa by land area and the 11th largest country in the world and the 16th most populous country in the world with a population of about 86.5 million.
The country is the world’s main supplier of battery ingredient cobalt, and a key source of minerals such as gold, copper and others.
Mr Ibrahim Mahama was in Abuja to honour a special invitation from the founder of United Bank of Africa (UBA), Mr Tony Elumelu as a special guest to the 2019 Tony Elumelu Foundation Entrepreneurship forum which started on Friday, July 26, 2019 and ended on Saturday, July 27, 2019 in Abuja, Nigeria.
Mr Ibrahim Mahama also had brief meetings with other African business magnates including Alhaj Sanni Dangote.
Mr Mahama founded E&P in 1997 and has been mining for Goldfields Ghana and other mining companies since 2002.
E&P opened up the Liberian economy to commercial mining activities after over two decades of civil war when it won the contract to mine iron ore for Arcellor Mittal in Yekepa Liberia and recently signed a US$1.7 billion contract with Goldfields Ghana, which is currently being executed at the Tarkwa mine.