| Canada Pension Plan Investments in Mining Companies Active in D.R. Congo (market value, Cdn.$ millions)[1] | ||||||
| Canadian- based companies |
2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
| Anvil Mining[2] | $4 | $22 | $20 | $1 | $9 | $12 |
| Banro Corp.[3] | $8 | $10 | $6 | $1 | $2 | $3 |
| Energem Resources[4] | $3 | $1 | nil | nil | nil | nil |
| First Quantum Minerals Ltd. [5] | $61 | $99 | $63 | $45 | $47 | $29 |
| Heritage Oil Corp.[6] | nil | $8.0 | nil | nil | nil | nil |
| Katanga Mining Ltd. [7] | nil | $11 | $37 | nil | $1 | $8 |
| Kinross Gold[8] | $55 | nil | nil | nil | nil | nil |
| Lundin Mining[9] | $19 | $19 | $19 | $3 | $59 | $80 |
| Moto Goldmines Ltd.[10] | nil | $6 | $7 | $3 | nil | nil |
| Tenke Mining Corp.[11] | $17 | $14 | nil | nil | nil | nil |
| Total CPP Canadian company investment in D.R. Congo ($ mill.) |
$167 | $190 | $152 | $53 | $118 | $132 |
| Total CPPIB Canadian Equity Holdings, publicly-traded ($ mill.) |
$18,661 | $14,392 | $16,851 | $8,194 | $8,669 | $8,765 |
| D.R. Congo investments as % of total Canadian Equity Holdings |
0.9% | 1.3% | 0.9% | 0.6% | 1.4% | 1.5% |
| Foreign-owned mines in D.R. Congo |
2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
| AngloGold Ashanti Ltd.[12] | nil | nil | nil | $11 | $24 | $30 |
| Anglo American PLC[13] | $114 | $142 | $142 | $64 | $116 | $114 |
| BHP Billiton Ltd & BHP Billiton PLC[14] | $144 | $244 | $167 | $299 | $116 | $403 |
| Freeport-McMoRan Copper & Gold Inc.[15] | $15 | $25 | $30 | $18 | $34 | $59 |
| Phelps Dodge Corp.[16] | $19 | nil | nil | nil | nil | nil |
| Total CPP foreign company investment in D.R. Congo ($ mill.) |
$292 | $411 | $339 | $392 | $290 | $606 |
| Total CPPIB Foreign Equity Holdings ($ mill.) |
$27,209 | $35,892 | $28,396 | $23,484 | $28,522 | $28,300 |
| D.R. Congo investments as % of total Foreign Equity Holdings |
1.07% | 1.15% | 1.19% | 1.67% | 1.02% | 2.14% |
| Total CPPIB Canadian & Foreign Equity Holdings, publicly-traded ($ mill.) |
$45,870 | $50,284 | $45,247 | $31,678 | $37,191 | $37,065 |
| D.R. Congo mining investments as % of total Canadian & Foreign Publicly-traded Equity Holdings[17] |
1.00% | 1.20% | 1.09% | 1.40% | 1.10% | 1.99% |
| Quebec Pension Plan (QPP) Investments in Mining Companies Active in DR Congo[18] | |||||||||||
| Canadian- owned companies |
2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
| Adastra Minerals[19] | nil | nil | nil | nil | $0.5 | nil | nil | nil | nil | nil | nil |
| Africo Resources Ltd.[20] | nil | nil | nil | nil | nil | $2.0 | nil | nil | nil | nil | nil |
| Anvil Mining[2] | nil | nil | nil | $0.1 | n.d. | nil | $5.3 | nil | nil | nil | nil |
| First Quantum Minerals Ltd.[5] | nil | $1.8 | $20.9 | $65.8 | nil | $18.9 | $5.1 | $2.0 | $5.3 | $1.8 | $6.8 |
| Ivanplats (formerly Ivanhoe Nickel & Platinum Ltd.)[21] | nil | nil | nil | nil | nil | nil | nil | nil | nil | nil | $25.8 |
| Kinross Gold[8] | nil | nil | nil | nil | nil | $18.5 | nil | nil | nil | nil | nil |
| Lundin Mining Corp.[9] | nil | nil | nil | nil | nil | nil | $0.7 | $5.4 | $2.1 | $4.4 | $0.5 |
| Rubicon Minerals Corp[22] | nil | $0.5 | $0.6 | nil | nil | nil | nil | nil | |||
| SouthernEra Diamonds Inc.[23] | $1.4 | $1.2 | n.d. | n.d. | nil | nil | nil | nil | nil | ||
| Teal Exploration & Mining Inc.[24] | nil | nil | nil | nil | $0.9 | $3.0 | nil | nil | nil | nil | nil |
| Total CPP Canadian company investment in D.R. Congo ($ mill.) |
$0.0 | $1.8 | $22.3 | $67.1 | $1.9 | $43.0 | $11.1 | $7.4 | $7.4 | $6.2 | $33.1 |
| Foreign- owned companies |
2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 |
| AngloGold Ashanti Ltd.[12] | $5.4 | $9.4 | $6.7 | $2.3 | $6.5 | $6.5 | $0.6 | $6.5 | $22.5 | $31.8 | $37.2 |
| Anglo American PLC[13] | $34.8 | $30.0 | $29.0 | $8.6 | $30.1 | $85.2 | $76.7 | $18.9 | $53.0 | $74.9 | $67.1 |
| BHP Billiton Ltd/PLC[14] | $48.0 | $41.2 | $53.5 | $19.9 | $129.7 | $43.6 | $177.1 | $335.4 | $344.9 | ||
| Freeport-McMoRan Copper & Gold Inc.[15] | $3.3 | $1.2 | $2.8 | $1.2 | $2.5 | $11.0 | $15.5 | nil | $1.7 | $13.5 | $42.0 |
| Glencore International AG[25] | nil | nil | nil | nil | nil | nil | nil | nil | nil | nil | $6.9 |
| Phelps Dodge Corp.[16] | $0.1 | $0.4 | $1.2 | $15.8 | $12.9 | $18.7 | nil | nil | nil | nil | nil |
| Total QPP investments in DR Congo mining (Cdn. $ mill.) |
$43.6 | $42.8 | $110.0 | $136.2 | $107.4 | $184.3 | $233.6 | $76.4 | $261.7 | $461.8 | $531.2 |
| Total QPP Canadian & Foreign Equity Holdings, ($ mill.) |
$43,632 | $38,555 | $40,770 | $45,620 | $51,727 | $63,987 | $72,626 | $50,905 | $53,773 | $64,290 | $77,386 |
| DR Congo investments, % of Quebec Pension Plan total investments[26] |
0.10% | 0.11% | 0.27% | 0.30% | 0.21% | 0.29% | 0.32% | 0.15% | 0.49% | 0.72% | 0.69% |
References
edit- ^ Nil = $0.00 n.d. = no data available
Canadian companies.
CPP Investment Board, Canadian Equity Holdings,
As of March 31, 2006 www.cppib.ca/files/PDF/Canadian_Equity_Holdings.pdf ;
As of March 31, 2007 http://www.cppib.ca/files/PDF/CDN_Equity_Holdings_March31_2007_-_ENG.pdf ;
As of March 31, 2008 http://www.cppib.ca/files/PDF/CDN_Equity_Holdings_March31_2008_ENG.pdf;
As at March 31, 2009 http://www.cppib.ca/files/PDF/CDN_Equity_Holdings_March31_2009_ENG.pdf
As at March 31, 2010 http://www.cppib.ca/files/PDF/q4_10_cdn_re_holdings.pdf ;
As of March 31, 2011 http://cppib.ca/files/PDF/CDN_PublicEquityHoldings_March312011.pdf
Foreign public equity holdings:
2011: http://www.cppib.ca/files/PDF/Foreign_PublicEquityHoldings_March312011.pdf
2010: http://www.cppib.ca/files/PDF/q4_10_foreign_re_holdings_v2.pdf
2009: http://www.cppib.ca/files/PDF/Foreign_Equity_Holdings_March31_2009_ENG.pdf
Total CPP Net Investments: Annual Reports, 2007:58, 2008:63, 2009:74, 2011:90.
- ^ a b Anvil Mining. Held mineral properties solely in DR Congo (2010 Annual Report, p. 7). "Basic profit / (loss) per share ($)": Ann.Rep. 2010: 6; Consolidated Financial Statements...2009: 40; 2007:4. SEDAR (System for Electronic Document Analysis and Retrieval), sedar.com. Acquired in 2012 by Minmetals Resources Limited, Australia (News release, 20 Mar 2012, www.mmg.com). Ann.Inform.Form 2011: 21: "The Company has paid no dividends on its ordinary shares since incorporation, having retained all earnings and other cash resources for the future operation and development of its business."
- ^ Banro Corp. Sole mineral properties are in DR Congo (Annual Information Form, 2012: 25). "Loss per share", Consolidated Financial Statements…2011: 7; 2009: 7; 2007: 4. "[T]he Company has not paid any dividend or made any other distribution in respect of its outstanding shares and management does not anticipate that the Company will pay dividends or make any other distribution in respect on its shares in the foreseeable future." (Ann.Infor.Form...2011: 45). http://www.sedar.com
- ^ Energem Resources. Active in 9 African countries including DR Congo. (Annual Information Form 2007: 16). (Loss)/Earnings per share (basic and diluted): Annual Financial Statements…2007: 5. http://www.sedar.com
- ^ a b First Quantum Minerals. In the DR Congo until 2011, also has properties in Zambia, Mauritania, Finland, Australia (Ann.Rep. 2012: 7, 56). Earnings per common share – basic: Ann.Rep. 2012: 74, 2009: 13, 2008: 19, 2007: 12, 2006: 10. Dividends per share: Ann.Rep. 2012: 35; 2008: 29; 2006: 10, 46. http://www.sedar.com
- ^ Heritage Oil. In 2007 held mineral properties in four African countries including DR Congo (Ann.Rep. 2008: 10-20). Net loss per share – basic and diluted: Ann.Rep. 2008: 28. http://www.sedar.com
- ^ Katanga Mining Ltd. Mineral properties solely in DR Congo (Ann.Info.Form 2012: 10). Basic and diluted income per common share: Consolidated Financial Statements…2011: 6; 2008: 5. http://www.sedar.com
- ^ a b Kinross Gold. Held shares in DRC mines up to 2006. "Annual Report, 2006, p. 42" (PDF). Kinross Gold Corporation. http://www.kinross.com/media/56720/06ar.pdf. Retrieved February 4, 2011. "Earnings (loss) per share Basic" Ann.Rep. 2006: 59.
- ^ a b Lundin Mining. The DR Congo is the sole African country of operation (Ann.Info.Form 2012: 5). Basic and diluted earnings per share: Consolidated Financial Statements…2011: 5; 2009: 4. http://www.sedar.com
- ^ Moto Goldmines Ltd. Held mineral properties in DR Congo and Rwanda (Annual Information Form 2009: 2). Basic loss per share: Audited Consolidated Financial Statements 2008: 3 http://www.sedar.com
- ^ Tenke Mining Corp. In 2007 held mineral properties in Argentina, Chile and DR Congo (Annual Report 2006: 4). Data per Common Share ($), Basic and Diluted Net Loss: Ann.Rep.2006: 4. http://www.sedar.com
- ^ a b AngloGold Ashanti Ltd. Incorporated in South Africa and active in 13 countries, seven of which are in Africa: DR Congo, Ghana, Guinea, Mali, Namibia, South Africa and Tanzania (Anglogold website, About our business > Corporate profile, http://www.anglogold.com/About%20our%20business Accessed May 11, 2012). Profit (loss) per ordinary share & Dividends paid per ordinary share: Annual Integrated Report 2011: P67. anglogold.com
- ^ a b Anglo American PLC. In 2011, held African properties in Botswana, DR Congo, South Africa, Zambia (Annual Report 2011: 41). Basic earnings per share ($): Ann.Rep.2011: 126, 208, 2009: 179, 2005: 123. Ordinary dividends payable during the year per share (US cents): Ann.Rep. 2011: 208, 2010: 99, 2007: 87, 2005: 123. www.angloamerican.com
- ^ a b BHP Billiton PLC/Ltd. Holds DR Congo properties in 2011 (Annual Report 2011: 44, 2005: 19). Securities and Exchange Commission Form 20-F, Annual Report… 2006: 55. Company first acquired concessions in 2003: Cellule Technique de Coordination et de Planification Minière, République Démocratique du Congo. "Liste des Droits Miniers Octroyés de juin 2003 à dé8cembre 2005", p. 7. The DRC government contract was awarded to BHP Billiton World Exploration Inc. in 2006 (Commission de Revisitation des contrats miniers, Ministère des Mines, Republique Democratique du Congo, "Rapport des travaux 1", Novembre 2007, p. 85-91. http://www.miningcongo.cd/pdf/TOME%201%20RAPPORT%20CRCM%20VERSION%20FINALE%20270208%20&_h%C3%A9%C3%A8.pdf
Interactive map, Cadastre Minier (CaMi), Mining Concessions in the DR Congo (August 2010), IPIS Research, The Netherlands.
http://www.ipisresearch.be/maps/CaMi/web/index.html
Basic earnings per share (US cents), Dividends paid per share: Ann.Rep. 2007: 2, 2011: 185-186; 2010: 215-216; 2005: 110-111. - ^ a b Freeport-McMoRan Copper & Gold Inc. Sole African assets in DR Congo (Worldwide Operations > Africa http://www.fcx.com/operations/africa.htm Accessed May 17, 2012). Diluted net income (loss) per common share, Dividends per common share: Ann.Rep. 2011: 3, 2006: 2. http://www.fcx.com
- ^ a b Phelps Dodge Corp. (acquired by Freeport in 2007). Held mineral properties in DR Congo, South America, United States (Ann.Rep. 2006: 1). Basic earnings (loss) per common share, Cash dividends declared per common share: 2006 Annual Report on Form 10-K, p. 46, 2005: 42. http://www.edgar.gov
- ^ Canadian companies in DRC, recording no CPP investments during 2006-2011:
Adastra Minerals Inc., Affinor, African Aura (formerly Mano River Resources), African Metals Corporation, Africo Resources Ltd., America Mineral Fields Inc., BRC DiamondCore (formerly BRC Diamond Corp.), CANAF Group (formerly CanAfrican Metals and Mining Corp. ), Consolidated Eurocan Ventures, Consolidated Trillion Resources (formerly Trillion Resources), El Niño Ventures, Emaxon Finance Corp., Energulf Resources Inc., Gee-Ten Ventures Inc., Greenock Resources (formerly Simberi Mining Corp., Simberi Gold Corp.), Harambee Mining Corp., ICS Copper Systems Ltd., International Barytex Resources Ltd., International Panorama Resource Corp., Ivanplats (Ivanhoe Nickel & Platinum Ltd.), Kilo Goldmines, La Quinta Resources Corp., Loncor Resources, Ressources Melkior, Rockwell Diamonds, Rubicon Minerals Ltd. (in DR Congo 2004-2006 only), Rubicon Minerals Corp. (in DRC from 2004-2006, but received CPP investments only from 2008 forward), Shamika Resources, South Atlantic Resources (South Atlantic Ventures), SouthernEra Diamonds (SouthernEra Resources), Starpoint Gold Fields Inc., Teal Exploration & Mining Inc. - ^ Nil = $0.00 n.d. = no data available
Quebec Pension Plan investments by company (Canadian and foreign)
Caisse de dépôt et placement du Québec. Annual Report - Additional Information, years 2001-2011, lacaisse.com. Total Quebec Pension Plan Equity Investments: Annual Report - Additional Information, 2011 , p. 57: "Table 7. Breakdown of investments ... Domestic securities, Foreign Securities" , 2002-2011 (Total: bottom line). Annual Report - Additional Information, 2010, p. 57: "Table 7. Breakdown of investments ... Domestic securities, Foreign Securities" , 2001 (Total: bottom line).
Annual Report – Additional Information 2001-2011
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2011_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2010_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2009_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2008_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2007_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2006_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2005_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2004_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2003_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2002_renseignements_add_fr.pdf
http://www.lacaisse.com/sites/all/files/medias/fr/nouvelles-medias/documents/ra2001_rapport_activites_fr.pdf
- ^ Adastra Minerals. Mineral properties in Angola, DR Congo and Zambia (Consolidated Financial Statements…2005: 11-12. "Basic and diluted loss per share", Consolidated Financial Statements…2005: 2. http://www.sedar.com
- ^ Africo Resources Ltd. Mineral properties solely in DR Congo ( Consolidated Financial Statements... 2006: 12). "Basic and diluted loss per common share", Consolidated Financial Statements... 2006: 5. http://www.sedar.com
- ^ Ivanplats (formerly Ivanhoe Nickel & Platinum Ltd.). Privately-owned, in 2012 held mineral properties in DR Congo (since 2008), Gabon and South Africa http://www.ivanplats.com/ Accessed May 17, 2012.
- ^ Rubicon Minerals Corp. Held properties in Canada and U.S. in 2012 (Annual Information Form…2012: 18) and held interest in gold property in DR Congo from 2004-2006: Annual Information Form…2007: 7; Consolidated Financial Statements...2006: 5. http://www.sedar.com
- ^ SouthernEra Diamonds Inc. In 2007, held mineral properties in Angola, Botswana, Canada, DR Congo, South Africa (Annual Report, 2006: 2-3). Active in DR Congo since 2003 (A.R. 2003: 15). Company acquired by Mwana Africa PLC (South Africa) in 2007 (Material Change Report, December 21, 2007). Loss per share of continuing operations, basic and diluted: Ann.Rep. 2006: 7, 2004: 13. http://www.sedar.com
- ^ Teal Exploration & Mining Inc. In 2008, held mineral properties in DR Congo, Mozambique, Namibia and Zambia (Annual Report 2007: 2). Basic and diluted loss per share: Ann.Rep. 2007: 37. http://www.sedar.com
- ^ Glencore International AG. In 2011, held African interests in mineral properties in Burkina Faso, Cameroon, DR Congo (75% of Katanga Mining, 40% of Mutanda Mining), Equatorial Guinea, South Africa and Zambia (Glencore website, Operations http://www.glencore.com/operations.php Accessed May 17, 2012) (Annual Report 2011: 18, 154-155). Income attributable to equity holders - Earnings per share (Basic) (US $): Ann.Rep. 2011: 41. Dividends per share: Ann.Rep. 2011: 97.
- ^ Canadian companies in DRC, recording no La Caisse investments during 2001-2011:
Affinor, African Aura (formerly Mano River Resources), African Metals Corporation, Africo Resources Ltd., America Mineral Fields Inc., BRC DiamondCore (formerly BRC Diamond Corp.), CANAF Group (formerly CanAfrican Metals and Mining Corp. ), Consolidated Eurocan Ventures, Consolidated Trillion Resources (formerly Trillion Resources), El Niño Ventures, Emaxon Finance Corp., Energulf Resources Inc., Gee-Ten Ventures Inc., Greenock Resources (formerly Simberi Mining Corp., Simberi Gold Corp.), Harambee Mining Corp., ICS Copper Systems Ltd., International Barytex Resources Ltd., International Panorama Resource Corp., Kilo Goldmines, La Quinta Resources Corp., Loncor Resources, Ressources Melkior, Rockwell Diamonds, Shamika Resources, South Atlantic Resources (South Atlantic Ventures), Starpoint Gold Fields Inc.