Related Posts

Details Of Revamped China-Congo Mining Deal Emerge

Democratic Republic of Congo President Felix Tshisekedi surprised many late last week with an announcement that the controversial Sicomines deal has been successfully renegotiated. Tshisekedi had made reworking the controversial resource-for-infrastructure deal with a Chinese consortium that included firms like Sinohydro and ...

How China’s CMOC Came Out Ahead in $2 Billion Settlement to End Congo Mining Feud

Chinese mining giant CMOC announced that it has settled a years-long dispute with the DR Congo's state-run mining company Gécamines that both sides hope will conclude a bitter feud between the two firms over royalty payments from the massive Tenke Fungurume mine (TFM), one of the world's ...

Timing of China’s New Germanium Export Restrictions Couldn’t Be Better for the DR Congo

China's announcement this month that it would limit the export of two metals used to manufacture semiconductors and other defense technologies could provide a huge opportunity for DR Congo's state-run mining company Gécamines which is planning to open a new mining facility for one of those resources.

Difficult Conversations Underway in Beijing About China’s Mining Interests in the DR Congo

Even before DR Congo President Félix Tshisekedi arrived in Beijing on Wednesday, his ministers fanned across the Chinese capital earlier this week to lay the groundwork for what are going to be delicate negotiations over a pair of large, yet very contentious Chinese mining projects in the DRC. ...

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 ...

Analysis from Cobus van Staden

BRICS Announces Numerous New Initiatives

The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...

Chinese Embassy in DR Congo Dismisses State Auditor Report That Demands $17 Billion in Additional Infrastructure

The Chinese embassy in the Democratic Republic of the Congo blasted a report published late last week by the state auditor in Kinshasa that called for an additional $17 billion of infrastructure as part of a 2008 infrastructure-for-minerals deal. In its report, the General ...

Who is behind China Molybdenum in the Democratic Republic of Congo?

Who exactly is controlling the Democratic Republic of Congo’s Tenke Fungurume Mine (TFM), one of the largest copper and cobalt mines in the world, remains a mystery. Officially, the Chinese mining giant China Molybdenum (CMOC) is in a partnership with the DRC’s state-owned mining company Gécamines ...

Mobile Phone Giant Tecno Wants a Piece of Kenya’s Booming Mobile Money Market

Transsion's Tecno brand is expanding its new mobile money service to Kenya this week. “The wallet has pilot launched in Nigeria in May, and roll-out to Kenya in middle of June," the company said in a statement. A mobile payment option from ...

China’s DRC Envoy Seeks to Mend Fences With the Country’s Powerful Mining Company

China's ambassador to the DR Congo, Zhu Jing, paid a visit on Monday to meet Alphonse Kaputo, the powerful chairman of the country's state-run mining company Gécamines. The courtesy call was no doubt part of an effort to try and mend ties with ...