[7] Early in 2010 DRC created a new joint venture Metalkol Sarl controlling the Kolwezi Tailings Project (KMT), with state-owned Gecamines (30%) and Dan Gertler's newly formed British Virgin Island-based company, Highwinds (70%).
[1][2] Highwind Group had a 70% interest in the Metalkol Sarl, which in turn owned the exploitation licence for the Kolwezi tailings project site (Law Expert March 2, 2012).
[4] On December 28, 2012, 99 percent of Eurasian Natural Resources Corp shareholders approved the US$550 million purchase of the remaining 49.5% per cent of Camrose Resources Limited still held by Dan Gertler's Gibraltar-registered company (Wild et al. 2013 page 68)[9] Fleurette Properties Ltd.[10] ENRC's acquisition 50.5% of Kolwezi Mine Tailings (KWT) a "multi-billion dollar copper and cobalt tailings reprocessing facility" [1] that had been expropriated in 2009 by the DRC from Vancouver, Canada-based through Dan Gertler's newly formed British Virgin Island-based company, Highwinds, was the last of a series of ENRC of Congolese mining asset acquisitions in roughly an 11-month period.
DRC passed the concession to a new joint venture Metalkol Sarl, encompassing state-owned Gecamines (30%) and Dan Gertler's newly formed British Virgin Island-based company, Highwinds (70%).
[1][2] According to an article in the Mail and Guardian (Wood et al. 2012) [12] Camrose acquired a controlling stake in Africo through a simultaneous, complex and clever set of transactions from 2007 to 2008.
Camrose had paid for Africo through a loan from an offshore British Virgin Islands-registered company called Vipar, an affiliate of Africa Management Limited (Wood et al.