Kabila turns diamonds to dust.

African BusinessNbr. 2000, May 2000

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Summary


Laurent Kabila's policies harm Miniere de Bakwanga

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Extract


Kabila turns diamonds to dust.

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.

MIBA's gemstone output in 1998 was 6.8m car...

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