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LT

1966: UMHK weigert HQ in Kinshasa te vestigen

ID: 196612239934

Discussions with the Belgian government and UMHK continued until December 1966, when the Congo decided to break off the talks. On December 23, when UMHK announced its refusal to transfer its headquarters to Kinshasa, the government suspended copper exports and blocked the transfer of the mining company's funds. On January 2, 1967, Kinshasa authorities announced formation of the stateowned company, General Quarries and Mines (Générale des Carrières et des Mines--Gécamines) to replace UMHK. In February 1967, Gécamines signed a technical cooperation agreement with a sister company of the former UMHK, and copper exports were resumed. Although the matter of indemnities for UMHK properties remained in suspense, the accord marked a turning point in relations.

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Land: COD