Ivanhoe's Congo Success Follows Deals With Kabila's Brother
In the two decades since billionaire mining investor Robert Friedland founded Ivanhoe Mines Ltd., his small team has made some of the biggest mineral discoveries in the world.
In the Democratic Republic of Congo, it has done so while trading and contracting with companies controlled by one of President Joseph Kabila’s brothers.
Over the past seven years, the Vancouver-based company has done business at least five times with two firms that are majority owned, via parent companies, by 38-year-old Zoe Kabila, a member of parliament. The companies are two of at least 12 Congolese businesses owned in part by Zoe. They are part of a sprawling network of more than 70 enterprises controlled by the president and his relatives, first reported by Bloomberg last year.
Laurent-Desire Kabila, their father and former Congolese president, had at least 25 children, according to a biography published in 2003.
In the Democratic Republic of Congo, it has done so while trading and contracting with companies controlled by one of President Joseph Kabila’s brothers.
Laurent-Desire Kabila, their father and former Congolese president, had at least 25 children, according to a biography published in 2003.
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