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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Congolese President Félix Tshisekedi is fulfilling the promise he made last May to investigate foreign mining contracts to ensure they are fair and equitable. While the President did not single out the Chinese ...
Like an inquisitor against a backdrop of anti-Chinese criticism, former U.S. Undersecretary of State for Africa Tibor Nagy posted a tweet questioning China’s role in the African mining sector:
The United States government’s long-held goal to weaken China’s dominance in the strategically important electric vehicle battery sector suffered another setback on Monday when Tesla announced two multi-year deals to source batteries from ...
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