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Article

29 Nov 2021

Author:
Dionne Searcey & Eric Lipton, The New York Times

DRC: Investment into Gecamines threatened as chairman faces corruption allegations

See all tags Allegations

"Hunt for the ‘Blood Diamond of Batteries’ Impedes Green Energy Push", November 29 2021

...to many in Congo and the United States, Mr. Yuma himself is a problem. As chairman of Gécamines, Congo’s state-owned mining enterprise, he has been accused of helping to divert billions of dollars in revenues, according to confidential State Department legal filings reviewed by The New York Times and interviews with a dozen current and former officials in both countries.

Top State Department officials have tried to force him out of the mining agency and pushed for him to be put on a sanctions list, arguing he has for years abused his position to enrich friends, family members and political allies. Mr. Yuma denies any wrongdoing and is waging an elaborate lobbying and legal campaign to clear his name in Washington and Congo’s capital of Kinshasa, all while pushing ahead with his plans to overhaul cobalt mining...

His grip on the mining industry has complicated Congo’s effort to attract new Western investors and secure its place in the clean energy revolution, which it is already helping to fuel with its vast wealth of minerals and metals like cobalt. There is a chance that Congo’s role in the emerging economy could be diminished if it fails to confront human-rights issues in its mines. And even if Mr. Yuma works to resolve those problems, as he has pledged to do, it still may not be enough for new American investors who want to be assured the country has taken steps to curb a history of mining-industry corruption...