Gécamines

Gécamines

Type	State-owned enterprise
Industry	Commodities Metals and Mining
Founded	1906; 111 years ago (1906) (As Union Minière du Haut Katanga)
Headquarters	Lubumbashi (Headquarters)
Area served	DRC
Key people	Albert Yuma (Chairman) Jacques Kamenga (CEO) Jack Rosen (Board of Directors)
Products	Metals and minerals, energy products, agricultural products
Number of employees	c.9,000
Website	http://gecamines.cd/

Gécamines SA, (an acronym for La Générale des Carrières et des Mines), is a Congolese commodity trading and mining company headquartered in Lubumbashi, in the Katanga Province of the Democratic Republic of Congo. It is a state-controlled corporation founded in 1966 and a successor to the Union Minière du Haut Katanga. Gecamines is engaged in the exploration, research, exploitation and production of mineral deposits including copper, cobalt, tin, gold, uranium, zinc, among others.

One of the largest mining companies in Africa, and the biggest in the Democratic Republic of Congo, Gécamines sits on the world's greatest deposit of cobalt and has some of the world's largest deposits of copper. Copper mines in which Gécamines has a major interests include, but are not limited to, Kambove, Kipushi, Kamfundwa and Kolwezi.

Located in the mineral-rich Katanga Province, Gécamines is currently going through a multi-year, multi-billion reorganization strategic development plan with the main objective of repositioning itself as one of the world's top mining majors, mainly by focusing on core strategic assets in which the company has majority shares. Among others, Gécamines has forged partnerships and joint ventures with companies such as Anglo-Swiss Glencore International, American giant Freeport-McMoran and London-based Eurasian Natural Resources Corporation. Seeking to enhance profitability by creating lucrative competitive partnerships, in 2013 the Congolese firm appointed US businessman and American Jewish Congress President Jack Rosen on its Board of Directors.