On the banks of the furious Congo River, an emporium of 5-star ambition

Border security officers have been spotted outside Tenke Fungurume, one of the country’s largest cobalt and copper mines, owned by a Chin...


Border security officers have been spotted outside Tenke Fungurume, one of the country’s largest cobalt and copper mines, owned by a Chinese conglomerate since 2016. Frontier has provided safety for other Chinese mines companies, including Sicomines, a joint venture between the Congolese and Chinese governments.

Mr Prince is perhaps best known for running private security firm Blackwater, accused of breaking ethical and legal boundaries. In 2007, Blackwater employees killed 17 civilians in Iraq. This year Mr. Prince was found by United Nations investigators having violated an arms embargo Libya.

Shortly after the UN report on the embargo violation, Mr. Prince has resigned as a senior Frontier executive, although his attorney said the move was “due to disagreements with the management performance and leadership of the company.” Upon his resignation, Mr. Prince sold most of his holdings in Frontier Services. A spokesperson said he no longer had any financial interest in the company.

Asked about mining activities, the spokesperson said Mr. Prince had for years seen substantial exploration opportunities in Africa and elsewhere. “These activities,” he added, “can be undertaken in a manner that is cost-effective, environmentally friendly and ethical”.

For Mr. Kabongo, Mr. Prince is well suited for a high-risk place like the Congo. “I love his passion for being able to move objects from the moon to the middle of the jungle,” he said. “He is interested in discovering new frontiers. This is what we need here. We need someone who is bold.

Jide Zeitlin was a partner at Goldman Sachs. He ran Tapestry, the parent company of Kate Spade and Coach. He owns served as president of the Nigeria Sovereign Investment Authority, and Mr. Obama appointed him to a UN post – although Mr. Zeitlin took of amid personal and professional problems, some of which also led him to resign from Tapestry.

Today, Mr. Zeitlin is another prominent investor with a laser focus on Congo’s minerals and metals and an occasional guest at the Fleuve, where he has booked a stay this month planning to meet with senior officials. Congolese.

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Newsrust - US Top News: On the banks of the furious Congo River, an emporium of 5-star ambition
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