A new mega-deal between Sinohydro Corp and China Railway Group promises $7 billion in infrastructure investment for the Democratic Republic of Congo, a country that has struggled to leverage its vast mineral wealth as a development engine.
The Democratic Republic of Congo and Chinese construction companies have reached an updated agreement on their Sicomines copper and cobalt joint venture.
Chinese companies to invest up to $7 bln in Congo mining infrastructure | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on World at LatestLY. Finance Minister Nicholas Kazadi has alleged that these contracts were skewed in favour of Beijing and wants the tax obligations on these companies increased, reported Quartz. World News | Democratic Republic of Congo to Audit Mining Deals Favouring China.
The Democratic Republic of Congo (DRC) is scrutinizing the mining contract concluded in 2008 with China, which is heavily skewed in favour of Beijing following