Patokh Chodiev fears over Bulat Utemuratov and Glencore's designs in DRC
While they are respectively being probed by SFO and the DoJ, ENRC and Glencore's battle is in full swing. [...]
Glencore is an Anglo-Swiss commodities trader that is particularly active in Africa, most notably the Democratic Republic of Congo (DRC). In 2011, Glencore controlled 60% of the world’s zinc production and 50% of copper production. The company has been hit badly by falling commodities prices and has been selling off assets around the world.
Two weeks before the failed coup to overthrow Gabon's President Ali Bongo, it emerged that a commando of former French soldiers were in the country. In the light of Gabonese concerns over the affair, the French authorities have launched a discreet investigation into the group. [...]
Favourite courtier of African presidents Jacob Zuma, Ali Bongo and Denis Sassou-Nguesso, South African Ivor Ichikowitz is little by little making his mark in Central Asia. Alongside such influential regional businessmen as Kenges Rakishev in Kazakhstan and Fuad Seyidaliyev in Azerbaijan, the head of the Paramount arms group is trying to establish himself there, while still maintaining his positions in Africa. [...]