Congo: Australian miner Sundance Resources faces fresh bribery allegations in Congo

Author(s): Nick McKenzie, Richard Baker, Emmanuel Freudenthal | Date: October 3, 2016 | Language: English
Source: http://www.smh.com.au/ | URL: https://goo.gl/c2bCvZ | Type: Text, Video

The alleged international bribery scandal enveloping listed Australian miner Sundance Resources has dramatically widened, with new evidence suggesting the firm may have bribed Congo’s Mines and Geology Minister as well as the country’s President.
Leaked documents obtained by Fairfax Media reveal Sundance gifted millions of dollars worth of shares to a company directed by the brother of Republic of Congo mining minister Pierre Oba.
The mining minister’s support has been critical for Sundance to progress the firm’s Nabeba Congo iron ore venture, which has the potential to be one of the biggest iron ore projects in Africa.

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