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Updated Thursday, September 2, 2010 10:42 pm TWN, AFP

DR Congo to open embezzlement probe into Canadian mining firm

KINSHASA--The government of the Democratic Republic of Congo is opening an investigation into alleged embezzlement involving a Canadian mining firm, First Quantum Minerals, an official said Tuesday. The allegations concern tax fraud, Bene M'Poko, the government's coordinator for investment and natural resources, told AFP. In a statement, First Quantum strongly denied any wrongdoing and said the government's behavior raised “grave” concerns.

The DR Congo government and First Quantum are currently appearing before the commercial chamber of the international arbitration court in Paris after the cancellation in August 2009 of a contract linking the two parties to Kingamyambo Musonoi Tailings.

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