Tag: Zijin
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Chinese and Australian Companies Battle For Control of Massive Congolese Lithium Mine
Two mining majors, one from China and the other from Australia, are fighting a pitched battle over a 15% share of the massive Manono lithium mine in the southern Democratic Republic of the Congo. While normally such a small ownership stake is ...
Chinese Mining Companies Move Forward With Two Huge Deals Worth More Than a Billion Dollars in Ghana, DRC
The economic turmoil brought on by the ongoing pandemic has done nothing to stem the appetite of Chinese mining companies looking to expand their presence in Africa. This week alone, Chinese mining giants Zijin and Chifeng Jilong both received approval this week to proceed with deals that total ...
Chinese Mining Company in the DRC “Regrets” Recent Labor Abuse Case Involving Two Soldiers, But Doesn’t Take Responsibility
The Chinese-run mining company at the center of a high-profile controversy over labor abuse in the Democratic Republic of the Congo issued its first response to the videos that went viral last week showing Congolese soldiers brutally whipping a local employee while Chinese managers looked on.
African Iron Ore Producers Poised to Benefit From Supply Constraints Brought on By Disruptions in Australia and Brazil
Strong demand from Chinese steel mills, combined with supply disruptions in two of the world's largest iron ore producing countries, Brazil and Australia, will help to maintain near record-high ore prices, according to analyst forecasts. Chinese buyers may turn more to ...