In April, Brazil’s Vale offered $1.1bn for South Africa’s Metorex, with mines in DRC and Zambia, and Canada’s Equinox Minerals tried to purchase Lundin Mining, which has a stake in the huge Tenke Fungurume copper and cobalt mine.
Other big mining companies with licences in the DRC, like Freeport McMoRan, are in the sights of larger rivals as another round of mergers and acquisitions begins.
Meanwhile, the Kinshasa government decided in late March that it would block oil exploration in Virunga National Park, forcing SOCO International and Dominion Petroleum to abandon drilling plans on Block 5 on Lake Albert.
That adds to the uncertainty around the ownership of the Lake Albert blocks on the Congolese side.
This article was first published in the May 2011 edition of The Africa Report.
Understand Africa's tomorrow... today
We believe that Africa is poorly represented, and badly under-estimated. Beyond the vast opportunity manifest in African markets, we highlight people who make a difference; leaders turning the tide, youth driving change, and an indefatigable business community. That is what we believe will change the continent, and that is what we report on. With hard-hitting investigations, innovative analysis and deep dives into countries and sectors, The Africa Report delivers the insight you need.