Société Minière de Bakwanga

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MIBA
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Société Minière de Bakwanga (Bakwanga Mining Company in English), called MIBA for short, is a state-owned Zaïrian mining company that produces most of the country's diamonds, from alluvial deposits near Mbuji-Mayi (the capital of Kasai-Oriental and from kimberlite deposits. Along with Gécamines, it is one of the largest, most productive, and most prosperous (or, depending on one's perspective, the "least impoverished") corporations in Zaïre. The MIBA concession covers 62,000 square kilometers. MIBA's production is marketed by a subsidiary of the South African company DeBeers, with whom President Mobutu has negotiated a guaranteed price per carat. Diamond ore in Zaïre yields about 6 carats per cubic meter. About 90% of diamonds produced are industrial quantity, with the other 10% being gem quality. Unfortunately, the corporation is in dire straits, due to rampant corruption and looting (the perimeters are difficult to patrol, making it easy for people to sneak in and help themselves to diamonds). The country is the world's second largest diamond producer, surpassed only by Disraeliland.


zaire.png Royaume de Zaïre zaire.png
Main article: Zaïre
Government: Léopold Honoré Mobutu, Victor Ngbanda, Mouvement Populaire de la Révolution
Military: Forces Armées Zaïrois
Corporations: Gécamines, MIBA, TriPetal (article by Laurasia)