Country: Democratic Republic of the Congo
Related Posts
Chinese-Processed Cobalt (Likely From the DRC) Was to Blame For the U.S. Sales Shutdown of the F-35 Fighter Jet
Sales in the U.S. of the advanced F-35 fighter jet were shut down after it was discovered that a magnet in the plane contained an alloy made with cobalt that was processed in China. It's against the law ...
Week in Review: Illegal Mining in Ghana, U.S. Disillusionment in the DRC & #ChinaAfricaSpaceTalk
Aisha Huang, aka the "Galamsey Queen," surprised everyone when she was arrested again for illegal mining in Ghana. What does her arrest say about the government's efforts to combat illicit Chinese mining? Plus, a new report says the U.S. is "disillusioned" ...
U.S. Reportedly “Disillusioned” Over China’s Continued Dominance in Congolese Mining Sector
The Paris-based news service Africa Intelligence published an extensive report on Monday that details how the United States, despite its best efforts, has been unable to diminish China's current dominance of the Congolese mining sector. It reports that Washington is "disillusioned" with President Félix Tshisekedi over the ...
Why the U.S. Shouldn’t Be Surprised About China’s Close Ties With DRC Mining Companies
U.S. officials in Washington and Kinshasa are apparently disappointed, according to a new investigation by the Paris-based Africa Intelligence, that they’ve failed to dislodge China from its dominance of the Congolese mining industry, particularly in strategically important metals like cobalt.
Sicomines Boss Moves to Bolster Ties in Kinshasa to Avoid the Problems Other Chinese Mining Companies Face in DRC
The head of one of China's largest mining companies in the DR Congo, Li Sheng, traveled last week from the southern cobalt and copper belt in the south to do some in-person lobbying in the capital Kinshasa.
Update on the Chinese Cobalt Stand-off in the DR Congo
Tensions between Chinese mining China Moly and the Congolese state-owned mining Gécamines appear to be deteriorating further amid an ongoing stand-off over the massive TFM copper and cobalt mine in the southern DRC. Shipments have ...
China’s Dominance of the Congolese Cobalt Sector May Not Actually Matter Much in the Near Future
The new U.S. climate law, officially known as the Inflation Reduction Act, has a number of provisions aimed at breaking China's hold on certain strategic resources like cobalt, widely seen as vital to the future of electric mobility. Cobalt is a ...
CMOC’s Cobalt Earnings Jump as Prime Minister’s Mediation Attempt Falters
China Molybdenum (aka CMOC/China Moly), the Chinese minerals giant running one of the Democratic Republic of Congo’s largest cobalt mines, has reported record net profits of about $606 million for the first six months of the year. Profits are up 72% year-on-year, despite ongoing disputes between CMOC and Gecamines, the DRC’s ...
DRC Prime Minister to Intervene in Cobalt Dispute
Jean-Michel Sama Lukonde, the Prime Minister of the Democratic Republic of Congo, will host new negotiations between the state mining company Gecamines and the giant Chinese cobalt miner China Molybdenum (CMOC). The intervention is aimed at breaking the deadlock between the two, due ...
Will the DRC Prime Minister Break the Deadlock with China Moly? Mining Expert Géraud Neema Weighs In
1. What are the politics behind these talks that we’re not seeing? Geraud Neema: There is a stalemate between the parties namely CMOC on one side and Gecamines executive, TFM temporary administrator, and the revision committee on the other. Through political ...
Week in Review: Taiwan, Tesla, and Antony Blinken’s Upcoming Africa Tour
China mounted an intercontinental media response throughout the Global South this week to rage against U.S. Speaker Nancy Pelosi's visit to Taiwan. Managing Editor Cobus van Staden and Francophone Editor Geraud Neema break down why developing countries, including several in Africa, ...
Angola Set a New Standard For Infrastructure Contracting With the Lobito Corridor Concession (Which China Lost)
Angola's Ministry of Transport is receiving high praise for the way it handled the bidding for the $333 million concession to re-build and operate the colonial-era Lobito Corridor railway that connects the copper and cobalt belts in Zambia and the Democratic Republic of the Congo ...