Tag: TFm
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China and the High Stakes Showdown in the DR Congo
Chinese mining bosses for years played the game as everyone else in the DR Congo. Money pretty much solved every problem. Need a permit? Pay some money. Get in trouble with the law? Pay some money. Under-counting cobalt reserves? Pay some money.
Q&A: Why Now? The Domestic Politics Driving the DRC’s Review of Chinese Mining Contracts
Congolese President Félix Tshisekedi is fulfilling the promise he made last May to investigate foreign mining contracts to ensure they are fair and equitable. While the President did not single out the Chinese specifically, they're no doubt going to be disproportionately impacted given their outsized role in ...
Tshisekedi Keeps Promise to Re-Negotiate Foreign Mining Contracts, Launches Investigation Into China Moly
DR Congo President Félix Tshisekedi is following through with his promise to review all foreign mining contracts, mostly with Chinese companies, to evaluate whether the deals that were struck during his predecessor's tenure are equitable.
China’s Enhances Its Dominant Role in the Congolese Mining Sector With Massive New $2.5 Billion Investment
The state-owned China Molybdenum Co (aka China Moly) recently announced a massive new $2.5 billion investment in its Tenke Fungurume mine (TFM) in southeastern DR Congo that aims to double its copper and cobalt output, critical raw materials used to manufacture batteries for electric vehicles. ...