The original Canadian owner sold to a Chinese consortium in 2020 due to security concerns.
[4] Guartz stockworks hosted in metasediments have higher gold concentration than the sericite schists.
In January 1996 African Mineral Resources Inc. (AMRI), a subsidiary of Banro Resource Corporation, and Mines D'Or du Zaire (MDDZ) bought the outstanding privately held shares of SOMINKI.
AMRI and MDZZ each owned 35% of SOMINKI, while the government of Zaire held the remaining 28%.
In July 1998 President Laurent-Désiré Kabila expropriated SAKIMA's gold assets by presidential decree.
[4] In 2017 a convoy of 23 contractor trucks en route to Namoya mine was caught in a battle between the DRC armed forces and rebel militiamen.
In early 2018 a Canadian court allowed the Banro's main creditors to become its senior shareholders as part of a rescue plan.
These were Baiyin International Investment,[a] controlled by the Chinese government, and Gramercy Funds Management of Connecticut, USA.
[11] In February 2020 it was reported that Banro Corporation wanted to leave the country and was going to offer its Namoya mine for sale at a very low price, since the government was not keeping its staff and assets safe.
[10] In June 2020 Banro Corporation agreed to sell the mine to a consortium that included Baiyin International Investment and Shomka Resources.
[12] The open pit mining uses standard techniques, with ore drilled and blasted, then loaded by hydraulic excavators into 40 tonne capacity dump trucks.