china drc mining by south afrrica

China, DRC, South Africa Law firms jockey to represent …

DRC Shanghai stock exchange sanctions Pengxin over DRC copper transactions. The Chinese mining firm and its directors are facing the threat of 900,000 yuan in fines from the Shanghai securities watchdog over the failure to properly disclose copper purchases and sales in the DRC.

Aussie companies stripped of iron ore projects in Africa

Perth-based Sundance Resources is seeking a multi-billion dollar payout from the Republic of Congo after being stripped of its iron ore mining licence in the central African nation where China is ...

Mining Companies in the DRC | Africa Mining IQ

List of executable mining companies in the DRC: African Metals Corp. Amani Gold. AngloGold Ashanti. ARC Minerals Ltd. Armadale Capital Plc. AVZ Minerals Limited. …

Chinese investment in African mining

A report from the South African Institute of International Affairs (SAIIA) states that, between 2005 and 2017, Chinese firms supplied $58bn to the continental …

Katanga: Tensions in DRC's Mineral Heartland

This huge mining investment is reportedly on the brink of being sold to Chinese investors, a sign of China's ongoing interest in Congo's minerals, despite the global economic slowdown, which is likely …

Unpacking the CMOC Deal: What Do We Know So Far?

April 20, 2023. by Christian Geraud Neema Byamungu. Share. File image of the massive Chinese-owned Tenke Fungurume cobalt and copper mine in the Democratic Republic …

DRC's 'contract of the century': China to pay 7bn for …

Félix Tshisekedi couldn't have wished for anything better to launch his second term as president of the Democratic Republic of Congo (DRC). On 19 January, on the eve of his inauguration, an agreement was reached between his government and the Groupement d'Entreprises Chinois (GEC), a Chinese consortium, as part of …

Q&A: What Lessons Can the DRC Learn From Ghana's …

In South Kivu province, the governor banned six small-scale Chinese-owned companies operating illegally. These events in the DRC mirror events in Ghana a few years back when the government formed an inter-ministerial task force to crack down on illegal foreign miners that nabbed and deported about 4,592 Chinese nationals in 2013.

DRC to audit and review 'unfair' Chinese mining contracts

The mining sector in DRC represents the might of Chinese economic interests: 80 percent of the country's exports in the mining sector are destined for China, with Chinese firms now dominating the scene as the destination for up to 80 percent of all the copper and cobalt mined in the DRC. The country's ministry of mining also says 90 …

Business in the DRC is booming for South African mining …

He adds: "The DRC is an important mining country with a huge market for South African companies. This gives them opportunities to showcase, convene business-to-business meetings and establish long-lasting relationships beyond DRC Mining Week, which enables them to generate revenue and create the required jobs in South Africa.". …

China's Minmetals Doubles Down on DRC Cobalt

Mining giant Minmetals Resources on Monday announced a $600 million deal to expand copper and cobalt extraction from its Kinsevere mine near the southern city of Lubumbashi. The cash infusion will increase the mine's lifespan by about 13 years. Get a daily email packed with the latest China-Africa news and analysis.

'Cobalt Red' describes the 'horror show' of mining the …

On how China came to own most of the industrial mines in the Congo. China cornered the global cobalt market before anyone knew what was happening.

With Access to South Africa's Main Port Still Hampered, The …

With road and rail access to South Africa's main port in Durban still blocked by the damage from the past week of record floods, there's a new urgency to develop alternate trade routes for the vast quantities of natural resources that flow from the mining belts in the southern DRC and Zambia — mostly bound for China.

China, DRC talking $7bn in finance, Tshisekedi says

China and Democratic Republic of Congo are discussing $7-billion in financing as part of a renegotiated minerals-for- infrastructure deal, President Felix Tshisekedi said Saturday at his second ...

"We miners die a lot": The lives of cobalt miners in the DRC

It was a cool, dusty morning in July 2021 when I first visited the Kamilombe cobalt mine in Lualaba Province in south-eastern Democratic Republic of Congo ().Situated just outside Kapata on the south-west outskirts of Kolwezi, a mining town that has historically served as an important centre for copper and cobalt, Kamilombe is now one …

Chinese Mining Companies Move Forward With Two Huge …

Chinese Mining Companies Move Forward With Two Huge Deals Worth More Than a Billion Dollars in Ghana, DRC – The China-Global South Project. …

China's Roads in the DRC: Good, bad, or ugly?

This is a huge risk, although the deal also includes toll roads which in theory could provide an incentive for a commercial operator to swap maintenance for tolls. One person comments that he/she lived in Tanzania while the famous Tan-Zam/Tazara railway was being built in the 1970s. The cost of poor quality goods Tanzania was required to …

In DRC, China Uses Military Aid, Corruption to Protect Mining …

The DRC produces 71% of the world's cobalt. Chinese companies own 15 of the 19 mines extracting that resource. About 80% of the DRC's cobalt goes to China for processing. China's expansion in the DRC has paved the way for government corruption and growing conflicts between mine operators and residents of the regions where they …

China's CMOC eyes further growth in Congo and beyond …

The group's copper production is projected at 520 000 t to 570 000 t from about 420 000 t last year. In the long run there is potential to further increase production beyond 600 000 t, Liang said.

Discourse Check: How China Frames Its Involvement in DRC Mining

JUNIOR KANNAH / AFP. Western opposition to Chinese involvement in the Democratic Republic of Congo's mining sector is sharpening, with measures proposed to ban supplies of cobalt from Chinese companies. This opposition partly reflects concerns about Chinese control of a strategic resource, but it is also presented as a strike against …

West challenges China's critical minerals hold on Africa

LONDON, Feb 16 (Reuters) - China's CMOC Group (603993.SS) overtook Glencore (GLEN.L) to become the world's largest producer of cobalt last year as it ramped up its new Kisanfu mine in the ...

DRC all set to review Chinese mining contracts

DRC Chinese mining contracts (Source: South China Morning Post) The DRC is finally taking action, according to Kazadi. After a government audit report was released at the end of February, Sicomines SA is refusing to pay the $200 million it is being asked to pay, despite making a super-profit.

U.S. Lawmakers Weigh Sanctions, Criminal Charges Against …

U.S. legislators are proposing much stricter measures to counter China's dominance of the cobalt supply chain, including sanctions that would restrict the import of any cobalt mined by Chinese companies in the DR Congo. The proposed law by New Jersey Republican Chris Smith is also intended to pressure companies, particularly …

Q&A: Why Now? The Domestic Politics Driving the DRC's …

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Mining

DRCZijin Mining pays $70m to mysterious Congolese NGO. In the framework of its partnership with Cominière, a subsidiary of Chinese miner Zijin has paid a substantial sum to an NGO whose president also sits on the board of the state-owned company. Mining 19.04.2024.