Tshisekedi Appears to Be Looking for an Exit to His Prolonged Standoff With Chinese Mining Companies

File image of DR Congo President Félix Tshisekedi leading a Council of Ministers meeting in Kinshasa. Image via @Presidence_RDC.

On Friday DR Congo President Félix Tshisekedi hinted during a meeting of the Council of Ministers (the DRC’s cabinet) that he wants to bring an end to the ongoing dispute with Chinese mining companies over unfair contracts.

The President ordered a technical and financial audit of the Sicomines contract, in particular, and called for the “revision of certain mining clauses between the DRC and the Chinese business group.” He made no mention of the other major mining contract involving China Molybdenum Co.’s ownership stake in the massive Tenke Fungurume copper and cobalt mine.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

OR

Already a subscriber? Log in Click Here to Learn More
by Eric Olander

Most Read

1
Developing Countries’ Debt Servicing Costs to China Are Significant, but Nowhere Near as Much as Other Creditors
2 Chinese Military Fans Discuss Why Indonesia Bought Rafale Instead of J-10C
3
Chinese Cargo Planes Secretly Ferrying Supplies to Iran, Claim Online Sleuths
4
Indonesia Goes Nuclear, Taps China and Russia for Modular Reactors
5 Trump’s Contradictory Iran Strategy Leaves U.S. Weaker After War’s End, Says Chinese Commentator
6
Thailand in Last-Minute U.S. Talks as 36% Tariff Looms

You Might Like

China and the High Stakes Showdown in the DR Congo

Chinese mining bosses for years played the game as everyone else in the DR Congo. Money pretty much solved every problem. Need a permit? Pay some money. Get in trouble with the law? ...

Chinese Stakeholders in the DR Congo Go On the Offensive in a Bid To Change the Narrative

Chinese mining interests in the DR Congo are now pushing back aggressively against the perception that they are unfairly exploit Congo’s natural resources through unfair contracts, avoiding taxes, and not fulfilling corporate social ...

Our Haunted Moment

Today we’re featuring a fascinating conversation with the Congolese analyst Christian-Geraud Neema Byamungu about recent developments in the Democratic Republic of Congo.

China Moly’s CEO is Back in the DRC For a Visit That Raises More Questions Than Answers

Sun Ruiwen, the powerful CEO of mining giant China Molybdnenum (aka China Moly) was back in Kinshasa this week for a low-profile visit with DR Congo Prime Minister Sama Lukonde. China ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

More about CGSP