Congo: Gerald Group Restarts Operations at Mfouati Polymetallic Complex
Extraction, processing, and shipping operations at the Research and Mining Exploitation Company (Soremi) site, located in Mbandza within the Mfouati district in the heart of the Bouenza region, have formally resumed under the supervision of American operator Gerald Group.
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This operational restart follows a decisive ruling by the Hong Kong High Court, ending a prolonged shareholder dispute between the American investor's subsidiary and the Chinese state-owned enterprise China National Gold Group over control of the majority stake. The U.S. Embassy in Brazzaville has confirmed the effective resumption of shipments to the Pointe-Noire port terminal, ensuring access for Congolese copper and zinc to global markets.
The interruption of activities at this mining complex had heavily weighed on national industrial indicators. During the first quarter of the current year, the suspension of works caused a drop of more than half in the country's metallurgical production, leading to a decrease of nearly 68% in copper cathode production and a contraction of over 35% in zinc ingot volumes. This halt in shipments contributed to a global decline in the Republic of Congo's merchandise exports.
Thanks to the full resumption of infrastructure under American oversight, the industrial tool is reconnecting with regular operating rhythms, restoring a strategic link in the national economy and offering favorable prospects for the rebalancing of the nation's external accounts.
Bernardo
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