Police say they have reasonable grounds to believe that Ivanhoe violated Canada’s Criminal Code and Corruption of Foreign Public Officials Act between 2014 and 2018
The RCMP has searched the Vancouver office of Ivanhoe Mines Ltd. to seek information on $2.7-million in bank transfers from Ivanhoe to a Swiss bank account in connection with contracts for its Congolese mining operations, The Globe and Mail has learned.
Ivanhoe retained Stucky Ltd., a well-known Swiss engineering firm, to work with Congo’s state electricity company on hydropower supplies for Ivanhoe’s giant Kamoa-Kakula copper project in the Democratic Republic of the Congo . The mining project in Congo is a joint venture in which the biggest partners are Ivanhoe and the Chinese company Zijin Mining Group, each of which owns almost 40 per cent of the project. The Congolese government has a 20-per-cent stake. Ivanhoe says the mine will be the world’s third-biggest copper mining complex by 2024.
In addition to other family connections, Mr. Mahuku was also a business partner of Mr. Kabila’s brother, Zoé Kabila, in several corporations in the mining sector and elsewhere, including at least one company that did business with Ivanhoe, The Sentry said. Ivanhoe also told The Globe that it is legally permitted to apply again for a new exploration permit when the old one expires, as long as it is the first to submit an application. It said it has sometimes followed this procedure to reapply for expiring permits.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ivanhoe Electric ditches Vancouver for new Arizona headquartersThe minerals explorer has opted to trade its Vancouver head office location for a southern U.S. base in Arizona
Read more »
Woman dead in Lower Lonsdale stabbing, North Vancouver RCMP confirmThe Integrated Homicide Investigation Team (IHIT) has now taken over the investigation
Read more »
RCMP Continue Search for Missing Deer Lake ManAn extensive search continues for a Deer Lake man missing since Sunday, December 10th. 33-year-old Tyler Decke...
Read more »
Woman fatally stabbed in North Vancouver apartment: RCMPPolice and paramedics found a woman with stab wounds at a Lower Lonsdale apartment and she died at the scene
Read more »
Cram-a-Cruiser collects nearly 8,000 pounds of food for Sally AnnEvent put on by Prince George RCMP also raises $2,800 in cash and gift cards
Read more »