Country: Democratic Republic of the Congo
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Chinese Media is Surprisingly Quiet Over DRC President’s State Visit to Beijing
Congolese ministers have been in Beijing all week preparing for Wednesday's arrival of President Félix Tshisekedi. Foreign Minister Christophe Lutundula met with his Chinese counterpart Qin Gang on Monday and Mining Minister N'samba Kalambayi held talks with both corporate and government stakeholders the following day. ...
What’s At Stake During Félix Tshisekedi’s China Trip?
The President of the Democratic Republic of Congo, Félix Tshisekedi, is making a landmark trip to Beijing the week. It comes amid ongoing controversy both domestically and internationally, about the economic dominance of massive Chinese investments in the central African country. ...
DRC President Tshisekedi Will Have a Lot to Say to Xi Jinping When They Meet This Week
The Chinese government confirmed that DR Congo President Félix Tshisekedi will embark on a five-day official state visit beginning Wednesday that will also include a meeting with Xi Jinping. Speculation about the President's trip intensified over the weekend after it was revealed ...
The U.S.-China Cobalt Test in the DR Congo
There's a lot of talk these days in Washington policy circles about the urgent need for the United States to "de-risk" or "de-couple" itself from Chinese supply chains needed to manufacture batteries required to power the green mobility revolution. A lot ...
CMOC Deal Signals A New Moment in China-DRC Relations, With Possible Global Impacts
Shares in China Molybdenum (aka CMOC) jumped by 10% in Shanghai and 12% in Hong Kong on the news that the mining giant reached a deal with the Democratic Republic of Congo that will allow it to resume copper and cobalt exports from the Tenke Fungurume mine, one of ...
Unpacking the CMOC Deal: What Do We Know So Far?
The newly-announced deal between the Chinese mining giant CMOC and the DRC’s state mining company Gécamines is raising many questions. We asked our Francophone editor Christian-Géraud Neema, who is also an expert on DRC mining, to clue us in: WHAT DO ...
China’s CMOC Reaches Breakthrough Contract Settlement Deal With DRC Over the TFM Cobalt Mine
The Chinese mining giant CMOC announced on Wednesday that it finalized a deal with the DR Congo's state-run mining company Gécamines over royalty payments for the massive Tenke Fungurume (TFM) copper and cobalt mine. CMOC said in a statement published on ...
African Leaders Push Back Against Western Media Narratives on China
While Vice President Kamala Harris worked hard to keep the focus on U.S.-Africa relations during her recent tour of the continent, reporters in the traveling press corps kept bringing up China -- much to the chagrin of her hosts in Ghana, ...
How Far Ahead Is China in the Battery Race? Pretty Far.
China is sprinting ahead in the global race for critical minerals used to make batteries for electric cars, leaving Western competitors scrambling to catch up. Chinese companies’ early investment into the extraction of lithium and cobalt in Africa was key to this success, according to a detailed new report by ...
Embassy Briefs Chinese Business Community in DR Congo on Worsening Security Conditions
China's ambassador to the DR Congo, Zhu Jing, hosted a briefing at the embassy for Chinese companies operating in the country about the deteriorating security conditions. Representatives from at least 50 Chinese companies attended the session last week that also included ...
Challenging Chinese Mining Contracts Isn’t About Politics, It’s About What’s Fair, Says DRC Finance Minister
DR Congo Finance Minister Nicolas Kazadi pushed back against the narrative that Kinshasa is specifically targeting Chinese companies over unfair mining contracts. The minister was adamant in his discussion with Financial Times correspondent Tom Wilson at the FT Commodities Global ...
Fierce Debate Underway in the DR Congo Over Whether China Has Met Its Infrastructure Development Obligations
The Congolese stakeholders in the controversial Chinese mining joint venture Sicomines are calling for further revisions to the controversial multibillion-dollar resource-for-infrastructure deal. At issue are stark differences in what the Congolese side believes it's owed in terms of infrastructure development and ...