Tag: Nicolas Kazadi

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DRC Government Tries to Reframe Underwhelming Beijing Visit

Félix Tshisekedi, the president of the Democratic Republic of Congo, left for a trip to Beijing last week amid sky-high expectations of both new deals and the significant reworking of current agreements widely seen in his country as favoring Chinese actors. None of this happened.

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, ...

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 ...

China’s CMOC Set to Overtake Switzerland’s Glencore as the DR Congo’s Top Cobalt Producer

CMOC Group is forecast to overtake Swiss mining giant Glencore as the largest producer of cobalt when the Chinese company brings another massive mine online later this year. Cobalt is a critical ingredient used to manufacture batteries for electric vehicles and ...

Analysis from Cobus van Staden

China-Led Study Proposes Global Energy Network

A globally connected network of solar and wind energy could provide three times the global energy demand by 2050 at a lower cost than independent national power systems. This is the finding of a study led by the Chinese Academy of Sciences in collaboration with researchers from the United States and Denmark.

The study focused on how areas with high solar and wind capacity (such as deserts) can be linked to ...

Is the DRC Making Progress in Reshaping Its Controversial Chinese Deals? Maybe.

The Democratic Republic of Congo could be closer to overhauling two controversial Chinese deals. Finance Minister Nicolas Kazadi told Reuters the government is in active talks with Sicomines, a joint venture between the DRC’s state mining company Gécamines, and Sinohydro and China Railway Group, who were supposed to ...