It pursued an aggressive and successful program of acquiring and developing projects, finding little difficulty in gaining funding based on its strong track record.

The company developed operations or undertook exploration in Mali (bauxite), Mozambique (coal), the DRC (copper and cobalt), South Africa (fluorspar) and Zimbabwe.

The provenance of Rautenbach's claims to Mukondo were the subject of considerable controversy, as he was appointed head of the Congolese state-owned Gécamines at the same time Zimbabwe was supporting the embattled DRC government.

[4] Around this time, the recently re-elected Congolese administration had announced a review of all existing mining contracts, due to widespread concerns about irregularities of mineral concessions made by officials during and in the aftermath of the Second Congo War.

[10] CAMEC withdrew the offer in September 2007, citing uncertainty due to a review of mining licenses being conducted by the DRC government.

In November 2007 CAMEC and Prairie International, the owner of Tremalt, decided to combine their Mukondo assets into a new holding company operated as a joint venture.