Later Activities
Compagnie Miniere du Sud Katanga (CMSK) operates the Luiswishi Mine, owned 60% by Enterprise Générale Malta Forrest and 40% by Gecamines. CMSK was formed in January 2004 and owns the rights to Luiswishi mine and also to Luishia Mine, inactive as of 2011. The ore is concentrated in CMSK's plant at Kinpushi before being shipped abroad for processing. CMSK employs about 300 people directly, and another 350 serve as contractors. CMSK produces 12,000 tons of copper annually and about 4,000 tons of cobalt. This is about 8% of world cobalt production.
Miniere de Musoshi et Kinsenda (MMK), formerly a subsidiary of Forrest Group, owned the flooded Kinsenda and Musoshi copper mines in the Katanga Province. MMK became a subsidiary of Copper Resources Corporation, itself a subsidiary of Metorex, as of 30 November 2005. Due to a Title Revisitation Process initiated by the DRC government, in February 2009 it was confirmed that the Musoshi mine would be returned to the state-owned Sodimico.
The Forrest Group today includes "Malta Forrest", "George Forrest International S.A.", etc. Malta Forrest acts as a mother company of the other groups. The companies consist of diverse industrial activities, including mining, cement manufacturing, public works, hauling, and munitions manufacturing.
Read more about this topic: Forrest Group
Famous quotes containing the word activities:
“Minds do not act together in public; they simply stick together; and when their private activities are resumed, they fly apart again.”
—Frank Moore Colby (1865–1925)
“That is the real pivot of all bourgeois consciousness in all countries: fear and hate of the instinctive, intuitional, procreative body in man or woman. But of course this fear and hate had to take on a righteous appearance, so it became moral, said that the instincts, intuitions and all the activities of the procreative body were evil, and promised a reward for their suppression. That is the great clue to bourgeois psychology: the reward business.”
—D.H. (David Herbert)