Close Menu
Metals Weekly
    TRENDING -
    • Sterling’s identity crisis
    • US First Nation holds up project in Canada
    • Trump reverses Minnesota mining ban
    • Securing Critical Minerals at Scale: Multilateral Solutions for Energy, Defense, and Semiconductor Supply Chains
    • DOE Explains…Critical Materials
    • Powering AI with Canadian natural hydrogen
    • Electra sizes up U.S. nickel refinery
    • FAST-41 approval for Wyoming rare earth mine adds pressure on separation tech demonstration plant.
    Metals Weekly
    • Home
    • Critical Materials
    • Environment
    • Global Policy
    • Mining
    Metals Weekly
    Home»Global Policy»DR Congo: Civil society groups call for reassessment of China mining deal

    DR Congo: Civil society groups call for reassessment of China mining deal

    Global Policy 2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    DR Congo: Civil society groups call for reassessment of China mining deal
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Civil society groups and NGOs in the Democratic Republic of Congo are calling for another reassessment of a controversial “minerals for infrastructure” deal with China.

    When it was renegotiated more than a year ago, it was described as the “contract of the century”, but the “Congo is not for Sale” coalition says the agreement is heavily skewed in favour of the Chinese group.

    It warns of financial losses and a lack of transparency which puts the Congolese state at a disadvantage.

    Originally signed in 2008, it granted Chinese companies access to extensive copper and cobalt mines in exchange for infrastructure development.

    The new agreement was meant to yield nearly $4 billion in additional benefits for the Congolese, but watchdogs say the new terms have not rectified previous imbalances.

    Kinshasa, however, claims the new agreement signed last year is a win-win partnership, with infrastructure investment increasing from $3.5 billion to $7.5 billion.

    The coalition disagrees, saying that the Chinese mining company still benefits from full tax exemptions, resulting in an annual loss for the state of at least $100 million in revenue.

    In addition, the infrastructure financing, under which the DRC must receive more than $300 million a year, is subject to the copper price being equal to or greater than $8,000 per tonne.

    If it is lower, then the funding will not be made available. If the copper price soars, the Congo will still receive the same amount, preventing it from benefiting from market upswings.

    A further criticism of the deal lies in its fixed payment structure, regardless of the volume of minerals extracted.

    https://www.africanews.com/2025/08/25/dr-congo-civil-society-groups-call-for-reassessment-of-china-mining-deal/

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Metals From Copper to Gold Slump as Inflation Fears Roil Markets

    TMC The Metals Moves Toward Commercial Seafloor Production With Allseas Deal

    Prismo Metals Reports Positive Results from Reconnaissance Mapping and Sampling at Silver King Project, Arizona

    Don't Miss

    Metals From Copper to Gold Slump as Inflation Fears Roil Markets

    Global Policy 2 Mins Read

    Metals from gold to copper sank in a broad selloff in financial markets amid investor…

    TMC The Metals Moves Toward Commercial Seafloor Production With Allseas Deal

    Prismo Metals Reports Positive Results from Reconnaissance Mapping and Sampling at Silver King Project, Arizona

    TMC scores regulatory win in race to mine Pacific seafloor

    Top Stories

    Electra sizes up U.S. nickel refinery

    Anger grows after China’s deadliest coal mining disaster in years

    Arctic Mine gains FAST-41 permitting status

    Scientists Discover a New Way To Control Metals at the Atomic Scale

    Our Picks

    Zambians pay price amid Copperbelt mining boom

    Zambia says privacy, minerals concerns stall US health aid deal

    Zambia mine regulator lifts suspension of operations at Mopani’s Mufulira mine

    Don't Miss

    Arctic Mine gains FAST-41 permitting status

    Why illegal gold mining is overtaking cocaine as the drug of choice for traffickers in Latin America

    Coeur Mining buys New Gold in $7B all-stock merger

    Weekly Newsletter

    Subscribe to our weekly Newsletter to keep up to date on the latest news in the metals, minerals and mining industry

    Copyright © 2025 - Metals Weekly. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.