Close Menu
Metals Weekly
    TRENDING -
    • Metals mining in Alaska still a big source of jobs, money and exports, report says
    • The Metals Company NOAA Publishes TMC USA Deep-Sea Mining Application for Public Review
    • US government secures 10% stake in Trilogy Metals
    • Department of Energy visits Penn State to tour facilities, meet mining students
    • Proposed potash, salt mine seeks approval for additional injection wells
    • Ghanaian minister urges mining companies to follow Zijin’s environmental model
    • Why are there so many mining companies in the Southwest with Canadian ties?
    • Gov makes case for Alaska critical minerals
    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

    Old mine waste still holds gold and silver, tests show. Peruvian Metals may reprocess it

    US admits defeat in China minerals race. Can Brazil turn panic into processing power?

    Namibia President Presses Mining Industry to Deliver Jobs, Drive Investment

    Don't Miss

    Old mine waste still holds gold and silver, tests show. Peruvian Metals may reprocess it

    Global Policy 4 Mins Read

    Aguila Norte maintains near-continuous full-capacity operations while high-recovery tailings tests suggest potential for future gold-silver…

    US admits defeat in China minerals race. Can Brazil turn panic into processing power?

    Namibia President Presses Mining Industry to Deliver Jobs, Drive Investment

    AFRICA/ZIMBABWE – Government task force to tackle illegal mining

    Top Stories

    The Metals Company NOAA Publishes TMC USA Deep-Sea Mining Application for Public Review

    Weak hydrogen bonds dethrone copper as the most stable metal binder, opening a new path for metal selection

    Singapore police raid iron ore trader Radiant World’s office as probe widens

    Missouri S&T part of $100 million federal investment in mining education

    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

    In Myanmar, Illicit Rare Earth Mining Is Taking a Heavy Toll

    Copper price: Global exchange stocks top 1 million tonnes first time in 21 years

    Where in the world are all of the rare earth elements

    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.