It was the vehicle for a highly criticized deal in 2001 in which it bought copper assets at far below their estimated value in return for a private agreement to pay a share of profits to the DRC and Zimbabwe governments.
[2] In March 2002 the DRC authorities took back control of the Kambove concentrator from Tremalt following a complaint by the manager of KMC against Gecamines at the International Centre for the Settlement of Investment Disputes.
[2] In October 2002 the United Nations published the Final report of the Panel of Experts on the Illegal Exploitation of Natural Resources and Other Forms of Wealth of the Democratic Republic of the Congo.
The report named Brigadier General Sibusiso Busi Moyo and Air Commodore Mike Tichafa Karakadzai as key players in arranging the KMC deal with Tremalt.
Billy Rautenbach, a Zimbabwean who had formed BOSS and now owned a share of CAMEC, would be excluded from ownership in the new company due to the hostile relations that had developed between him and the DRC government.