Tag: Mining
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Billions of New FDI Flowing Into West Africa. Where’s the Chinese Money Going?
$1.46 billion of new foreign direct investment made its way to Nigeria in the third quarter of 2020, according to new data from the National Bureau of Statistics, but very little is coming from China. In fact, China (ex Hong Kong) wasn't among the list ...
Construction Begins on New Chinese-Financed Vocational Campus in an Important Congolese Cobalt Mining City
The Chinese embassy in Kinshasa announced that construction will begin soon on a new vocational education campus in Kowlezi, the capital of the southern Lualaba province in the Democratic Republic of the Congo. The new 15,000 square ...
Australia’s Billion Dollar Copper Export Business is Now in China’s Crosshairs, Can African Producers Get the Business?
Chinese media is hinting that copper may be the next Australian export to suffer from the worsening dispute between the two countries that began back in April when Canberra called for an independent investigation into the origin of COVID-19. Chinese authorities have already ...
Ghanaian Presidential Candidate Doesn’t See the Justice in Locking Up Locals for Illegal Mining When Chinese Are Released
Opposition National Democratic Congress presidential candidate John Mahama scolded the government for releasing Chinese nationals caught engaging in illegal artisanal mining (locally known as galamsey) while locking up locals for doing the same thing. “Our youth have been imprisoned for their involvement in ...
China’s “Cobalt Empire”
China's steadily deteriorating relations with the United States and European Union countries are prompting renewed attention on who controls the supply chains for the strategic minerals, elements, and metals that are essential ingredients in electronics and next-generation technologies. For the past ...
Africa’s Strategic Mineral Deposits Now at the Center of an Increasingly Fraught Great Power Competition
Iron ore, tantalum, cobalt, coltan, and a handful of other strategically important minerals and elements are at the center of an increasingly heated battle for the control of global supply chains among the world's largest economies. Leaders in Europe and the ...
This Chart Explains Why the U.S. Just Invested $25 Million in a Company That Will Help Diversify Its Supply of Cobalt
The United States Development Finance Corporation invested $25 million in a company that will help to develop a Brazilian nickel and cobalt mine. The U.S. and a growing number of European countries are becoming increasingly concerned about China's dominance of the global cobalt supply chain, given the ...
The Chinese Embassy in Harare Responds to Zimbabwe’s National Park Mining Ban
The Chinese embassy in Harare responded late last week to the Zimbabwean government's surprise decision to ban all mining activities in the country's five national parks and in most river beds. Although Information Minister Monica Mutsvangwa did not mention China by name when announcing the ...
NGO Takes Zim Government to Court to Stop Chinese Mining Operations in the Hwange National Park
The Zimbabwe Environmental Law Association announced that it will take legal action to stop Chinese mining operations in the Hwange National Park. Last week, the Zhongxin Mining Group Tongmao Coal Company began mining in two coal concessions that were allocated ...
U.S., Europe Becoming Increasingly Worried Over China’s Dominance of the World’s Cobalt Supply Chain
With ties between China and the U.S. and Europe becoming increasingly strained, there's growing concern in Washington, Brussels, and other European capitals about China's dominance over the supply for strategically vital metals and minerals, especially cobalt. Cobalt is widely used in ...
Forget About Oil, Cobalt is the Resource of the Future
Strong demand for electric vehicles in China and Europe is expected to bolster the output of cobalt and copper in the Democratic Republic of the Congo's mining sector. Today, the DRC is the Saudi Arabia or cobalt. 60-70% of the world's cobalt originates there and China is ...
China to Stockpile Massive Amounts of Cobalt, Further Boosting the Price of this DRC, SA-sourced Strategic Mineral
The Chinese government will add 2,000 tons of cobalt to its strategic commodity reserve in a move that is expected to further bolster prices of this vitally important mineral that largely comes from the Democratic Republic of the Congo and South Africa, according to ...