China's Minmetals Doubles Down on DRC Cobalt
Mining giant Minmetals Resources on Monday announced a $600 million deal to expand copper and cobalt extraction from its Kinsevere mine near the southern city of Lubumbashi. The cash infusion will increase the mine's lifespan by about 13 years. Get a daily email packed with the latest China-Africa news and analysis.
اقرأ أكثر
Business in the DRC is booming for South African mining …
He adds: "The DRC is an important mining country with a huge market for South African companies. This gives them opportunities to showcase, convene business-to-business meetings and establish long-lasting relationships beyond DRC Mining Week, which enables them to generate revenue and create the required jobs in South Africa.". …
اقرأ أكثر
China's Zijin says will advance disputed, giant Congo lithium …
BEIJING/NAIROBI, Oct 25 (Reuters) - China's Zijin Mining (601899.SS) said it will defend its right to advance the contested Manono Lithium mine in the Democratic Republic of Congo (DRC), after it ...
اقرأ أكثر
NGO Report: DRC is the "Loser" in the Sicomines …
The DR Congo will be saddled with debt and poor quality infrastructure as a result of the faulty 2008 deal between the state-run mining company Gecamines and a consortium of Chinese investors, …
اقرأ أكثر
DRC revisits China mining deal for $7bn infrastructure …
DRC revisits China mining deal for $7bn infrastructure investment. By Sonia Rolley. 29 Jan 2024. Chinese construction companies will invest up to $7bn in infrastructure projects as part of an ...
اقرأ أكثر
China, DRC talking $7bn in finance, Tshisekedi says
China and Democratic Republic of Congo are discussing $7-billion in financing as part of a renegotiated minerals-for- infrastructure deal, President Felix Tshisekedi said Saturday at his second ...
اقرأ أكثر
With Access to South Africa's Main Port Still Hampered, The …
With road and rail access to South Africa's main port in Durban still blocked by the damage from the past week of record floods, there's a new urgency to develop alternate trade routes for the vast quantities of natural resources that flow from the mining belts in the southern DRC and Zambia — mostly bound for China.
اقرأ أكثر
Chinese Mining 'Wrecking Lives' in DRC
Chinese Mining 'Wrecking Lives' in DRC - Africa Defense Forum. Daily News. By ADF Last updated Oct 3, 2023. Artisanal miners work at the Shabara mine …
اقرأ أكثر
Update on the China-DR Congo Mining Contracts Dispute
Resources. September 21, 2021. by Eric Olander. After months of negative media coverage, Chinese mining companies in the Democratic Republic of the Congo are pushing back against the perception they aren't fulfilling their contractual obligations to provide social services and build infrastructure for the local communities where they operate.
اقرأ أكثر
Aussie companies stripped of iron ore projects in Africa
Perth-based Sundance Resources is seeking a multi-billion dollar payout from the Republic of Congo after being stripped of its iron ore mining licence in the central African nation where China is ...
اقرأ أكثر
Details Of Revamped China-Congo Mining Deal Emerge
Democratic Republic of Congo President Felix Tshisekedi surprised many late last week with an announcement that the controversial Sicomines deal has been successfully renegotiated. Tshisekedi had made reworking the controversial resource-for-infrastructure deal with a Chinese consortium that included firms like Sinohydro and …
اقرأ أكثر
Contested Chinese Investment in Africa: The Case of Dam
First Online: 02 March 2024. 34 Accesses. Part of the book series: Economic Geography ( (ECOGEO)) Abstract. The quest for natural resource extraction in the Democratic …
اقرأ أكثر
China's CMOC eyes further growth in Congo and beyond …
The group's copper production is projected at 520 000 t to 570 000 t from about 420 000 t last year. In the long run there is potential to further increase production beyond 600 000 t, Liang said.
اقرأ أكثر
Discourse Check: How China Frames Its Involvement in DRC …
JUNIOR KANNAH / AFP. Western opposition to Chinese involvement in the Democratic Republic of Congo's mining sector is sharpening, with measures proposed …
اقرأ أكثر
"We miners die a lot": The lives of cobalt miners in the DRC
It was a cool, dusty morning in July 2021 when I first visited the Kamilombe cobalt mine in Lualaba Province in south-eastern Democratic Republic of Congo ().Situated just outside Kapata on the south-west outskirts of Kolwezi, a mining town that has historically served as an important centre for copper and cobalt, Kamilombe is now one …
اقرأ أكثر
U.S. Lawmakers Weigh Sanctions, Criminal Charges Against …
U.S. legislators are proposing much stricter measures to counter China's dominance of the cobalt supply chain, including sanctions that would restrict the import of any cobalt mined by Chinese companies in the DR Congo. The proposed law by New Jersey Republican Chris Smith is also intended to pressure companies, particularly …
اقرأ أكثر
Katanga: Tensions in DRC's Mineral Heartland
This huge mining investment is reportedly on the brink of being sold to Chinese investors, a sign of China's ongoing interest in Congo's minerals, despite the global economic slowdown, which is likely …
اقرأ أكثر
DRC to audit and review 'unfair' Chinese mining contracts
The mining sector in DRC represents the might of Chinese economic interests: 80 percent of the country's exports in the mining sector are destined for China, with Chinese firms now dominating the scene as the destination for up to 80 percent of all the copper and cobalt mined in the DRC. The country's ministry of mining also says 90 …
اقرأ أكثر
Chinese Mining 'Wrecking Lives' in DRC
In 2009, then-DRC President Joseph Kabila signed a deal with the Chinese government for access to mining concessions. In short order, Chinese companies seized ownership of 15 of the country's 19 primary industrial copper-cobalt mining concessions. "They dominate mining excavation on the ground," Kara said. "And not just that, they ...
اقرأ أكثر
Q&A: What Lessons Can the DRC Learn From Ghana's …
In South Kivu province, the governor banned six small-scale Chinese-owned companies operating illegally. These events in the DRC mirror events in Ghana a few years back when the government formed an inter-ministerial task force to crack down on illegal foreign miners that nabbed and deported about 4,592 Chinese nationals in 2013.
اقرأ أكثر
Mining Companies in the DRC | Africa Mining IQ
List of executable mining companies in the DRC: African Metals Corp. Amani Gold. AngloGold Ashanti. ARC Minerals Ltd. Armadale Capital Plc. AVZ Minerals Limited. …
اقرأ أكثر
China's Roads in the DRC: Good, bad, or ugly?
This is a huge risk, although the deal also includes toll roads which in theory could provide an incentive for a commercial operator to swap maintenance for tolls. One person comments that he/she lived in Tanzania while the famous Tan-Zam/Tazara railway was being built in the 1970s. The cost of poor quality goods Tanzania was required to …
اقرأ أكثر
Unpacking the CMOC Deal: What Do We Know So …
Unpacking the CMOC Deal: What Do We Know So Far? Business. Critical Minerals. Mining. April 20, 2023. by Christian Geraud Neema Byamungu. Share. File image of the massive Chinese-owned …
اقرأ أكثر
'Cobalt Red' describes the 'horror show' of mining the …
On how China came to own most of the industrial mines in the Congo. China cornered the global cobalt market before anyone knew what was happening.
اقرأ أكثر
WEEK IN REVIEW: Chinese Mining Giant CMOC Surpassed …
Chinese mining giant CMOC surpassed its Swiss rival Glencore to become the largest cobalt producer in the DR Congo. The Chinese company boosted production from its Congolese mines in 2023 by 170%. ... it will invest $2.5 billion to expand its mining operations in the DR Congo highlights the growing importance of the DRC to China's …
اقرأ أكثر
DRC inks new $7 billion mining deal with China
Last Thursday, the DRC government signed the 5th amendment to the "mines for infrastructure" agreement concluded in 2008 with China. The mining contract, renegotiated with the Groupement des Entreprises chinoises, provides for a total investment of $7 billion in the country, compared with $3 billion in the original agreement.
اقرأ أكثر
SRK Consulting bridges worlds to drive responsible mining in DRC
Having joined SRK Consulting China's Beijing office in 2010, Li is today a key player in an exciting formal collaboration between SRK practices in Congo, China, and South Africa. The initiative focuses on China-based clients, bridging language and cultural gaps to apply the highest standards of engineering to achieving responsible mining ...
اقرأ أكثر
DRC's 'contract of the century': China to pay 7bn for …
Félix Tshisekedi couldn't have wished for anything better to launch his second term as president of the Democratic Republic of Congo (DRC). On 19 January, on the eve of his inauguration, an agreement was reached between his government and the Groupement d'Entreprises Chinois (GEC), a Chinese consortium, as part of …
اقرأ أكثر
West challenges China's critical minerals hold on Africa
LONDON, Feb 16 (Reuters) - China's CMOC Group (603993.SS) overtook Glencore (GLEN.L) to become the world's largest producer of cobalt last year as it ramped up its new Kisanfu mine in the ...
اقرأ أكثر
Chinese investment in African mining
Estimates differ from source to source, but, by 2019, it is over $100bn. Africa has long been on China's radar. We can see this in the growth of inward cash flows between 2010 and 2011. The Commodity Discovery Fund, quoting figures supplied by CMA, reached $217bn – a year-on-year increase of $140bn. A report from the South …
اقرأ أكثر