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Corporate Interests Arrive in Rebel-Held Zaire for Talks with Kabila

HeadlineMay 09, 1997

Some 25 fund managers, investors and mining experts arrived in rebel-held Zaire today for talks with rebel leader Laurent Kabila. Earl Young, spokesperson for U.S.-based America Mineral Fields Inc., organizers of the visit, said the team included representatives of SB Warburg, C.M. Oliver of Canada, value investors and leading banks from Europe and the United States. Kabila’s alliance last month awarded the Kolwezi copper-cobalt tailings project to America Mineral Fields in a $1 billion deal, which also included building a 200,000-ton-a-year zinc smelter in Kipushi near the Zambian border.

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