After the severe downgrading of the DRC's main revenue earner, the giant Gecamines parastatal, (output of copper dropped from half a million tons in the mid-80s to only 30,000 tons last year), Miniere de Bakwanga
(MIBA), the company's diamond-producing arm and the last profitable mining operation in the country is now in trouble.
and a 20% stake in Societe Miniere de Bakwanga
(MIBA) - (diamonds).
In the capital of Eastern Kasai, Mbuji-Mayi, Congolese wildcat diggers are furious because they face the competition of armed Zimbabwean soldiers who mine gems even inside the concessions of the Miniere de Bakwanga
Miniere de Bakwanga
(MIBA) in the DRC, an 18% interest in the Camafuca
A longstanding agreement which had guaranteed De Beers a monopoly on the purchase of diamonds produced by the Miniere de Bakwanga
(MIBA), was abruptly cancelled.
The marketing agreement with Zaire's main company, the Miniere de Bakwanga
(MIBA) has been renewed, but in 1994, MIBA's output amounted to 4.
53m were produced by the Miniere de Bakwanga