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Pressure From the Government & IMF Mounting on Chinese Mining Companies in the DRC

DR Congo President Félix Tshisekedi is again turning up the pressure on Chinese mining companies with his drive to re-evaluate mining contracts that were negotiated under his predecessor's tenure. During a Council of Ministers meeting on Friday, ...

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.

This Chart Explains Why China is So Concerned About Events in Guinea

 "The outcome of the coup attempt is unclear, but the political turmoil offers a test for this relatively new supply chain. Investors need to mull a range of possibilities, from a relatively peaceful power transfer in Conakry that preserves the bauxite status quo, to more disruptive scenarios ...

Guinea Coup Complicates China’s Desire to Wean Itself Off Australian Imports

So far, Guinean bauxite exports to China appear unaffected by last Sunday's coup and policymakers in Beijing are no doubt hoping it stays that way. They would like to avoid having to turn to Australia for further supplies of the critical metal used to manufacture aluminum.

China Denounces Guinea Coup and Calls For the Immediate Release of Alpha Condé

The Chinese government issued a short but pointed condemnation of this weekend's coup in Guinea that deposed President Alpha Condé. "China opposes coup attempts to seize power," said Foreign Ministry spokesman Wang Wenbin (photo) at the regular press ...

News24: South African Intelligence Concerned ANC MP Xiaomei Havard is Sharing Secrets With China

South Africa's State Security Agency, the country's intelligence service, has concluded there is a "high likelihood" that ANC MP Xiaomei Havard (张晓梅) may be passing on classified information to the Chinese Communist Party, according to a bombshell report published Wednesday on South Africa's online ...

Mnangagwa: “We Are Not Worried About Those Who Get Angry Because China Has Helped Us.”

Zimbabwean President Emmerson Mnangagwa toured the construction site of the new Robert Mugabe International Airport expansion in Harare on Wednesday. The expansion is being financed and built by China. After the tour, President Mnangagwa took aim at critics, presumably in the U.S. and UK, of ...

China’s Ambassador to South Africa is Putting Himself in the Middle of the COVID Origin Dispute With the U.S.

China's ambassador to South Africa, Chen Xiaodong, is emerging as a key voice in the bitter dispute with the United States over the origins of COVID-19. The ambassador has steadily escalated his critiques of the U.S. for its claim that the ...

The DR Congo Government Now Has Sicomines in its Sights as the Investigation Into Chinese Mining Contracts Advances

The Congolese government started its review of Chinese mining contracts trying to land a big fish, by launching a commission to investigate China Molybdenum's massive Tenke Fungurume (TFM) cobalt and copper mine in southern Lualaba Province. Now, the government ...

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 ...
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