Gertler in mine-boosting infrastructure push in DRC
JOHANNESBURG (miningweekly.com) – A new joint venture (JV) in the Democratic Republic of Congo (DRC) intends answering the needs of the expanding mining sector for more power, road and rail.
The Fleurette group, advised by Dan Gertler who has been investing in the DRC since 1997, and Brazilian construction group Andrade Gutierrez told Mining Weekly Online in a media release that their new JV would focus on infrastructure development to accelerate the economy in the DRC, where mining companies are in urgent need of more power supply and where road infrastructure will soon be insufficient to transport planned mining output.
“This is the kind of investment we need,” said Moïse Katumbi, governor of the Katanga province, the country’s economic growth engine.
Investment bank Renaissance Capital will act as financial adviser to the JV and the 65-year-old Andrade Gutierrez, which has, in the last 12 months, completed 200 MW of thermal power plant, four airports and several road networks, as its lead developer.
“We very much look forward to progressing projects to completion, together with the DRC and Katanga administration,” said Gertler in a media release, which also made the point that an improved rail system would lower the cost of transporting mineral commodities out of the DRC to ports in East, West and Southern Africa.
The World Bank has estimated that repairs and maintenance on the DRC’s existing road networks would require an investment of some $400-million a year.
“There’s a real need for investment in infrastructure in the country to enable the resources sector to truly capitalise on the unique opportunity the DRC offers,” Andrade Gutierrez Africa CEO José Nicomedes commented.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
