Banro Teams With Kinshasa To Rob Congo

They won't begin opening the presents until Christmas 2011, but the shareholders of Canadian mining concern Banro received a whopping gift from the government of the Democratic Republic of Congo this year. It was final agreement allowing the company to develop gold mines worth some $13 billion in return for a token royalty of one percent of revenues. The agreement has to go down as one of the worst ever for the DRC, where the bankrupt government of a nation the size of Western Europe can't ...