Monday, 8 September 2008
Democratic Republic of Congo considers first IPO
The government of Democratic Republic of Congo is planning to privatise some of its mining assets. Victor Kasongo, deputy minister of mines, said the government wanted to transform state-owned mining companies into commercial entities. New management would be drafted in to turn round such assets and then would then be floated through an initial public offering. In short, the first mining flotation should happen in less than 12 months. Sounds interesting.