China’s Minmetals Doubles Down on DRC Cobalt

File image of the Kinsevere cobalt and copper mine in the Democratic Republic of Congo.

The lure of greater access to the DR Congo’s vast copper and cobalt reserves is drawing more Chinese mining companies to expand their investments in the country. 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.

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by Cobus van Staden

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