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Tshisekedi Keeps Promise to Re-Negotiate Foreign Mining Contracts, Launches Investigation Into China Moly

by Eric Olander

DR Congo President Félix Tshisekedi is following through with his promise to review all foreign mining contracts, mostly with Chinese companies, to evaluate whether the deals that were struck during his predecessor’s tenure are equitable.

And it appears the government is focusing on the largest players first, following the announcement that a commission is now in place to investigate China Molybdenum Company’s (China Moly) stake in the massive Tenke Fungurume Mine (TFM) in the southern Lualaba province, the country’s largest cobalt and copper mine.

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