GPS News  
AFRICA NEWS
DRCongo leader seeks review of mining deals with China
by AFP Staff Writers
Kinshasa (AFP) Sept 11, 2021

DR Congo President Felix Tshisekedi has called for a review of mining contracts signed with China in 2008 by his predecessor, saying he wanted to get fairer deals.

The central African nation is seeking what it says is a fairer share of its vast mineral wealth, much of which is plundered by rebel groups, militias and corrupt officials.

A statement after a cabinet meeting on Friday said Tshisekedi called for the "technical and financial details of Sino-Congolese contracts" at the next meeting.

"DRCongo is sorely lacking in infrastructure and this hampers its development," a statement following the cabinet meeting said, adding that the contracts signed with China in 2008 were aimed at financing giant infrastructure projects.

Former president Joseph Kabila, who held power from 2001 to 2019, negotiated a highly contentious agreement with the Chinese in 2008 - copper and cobalt in exchange for infrastructure for $9 billion.

But the deal was reduced to two thirds of that amount under pressure from the International Monetary Fund, which noted the severe impact it had on the country's finances.

To date, about $2.74 billion has been disbursed by the Chinese so far.

During a visit to the mining town of Kolwezi in May, Tshisekedi announced his intention to renegotiate mining contracts, particularly those concluded by his predecessor Joseph Kabila.

"It is not normal that those with whom the country has signed exploitation contracts are getting richer while our people remain poor," he said.

"It is time for the country to readjust its contracts with the miners in order to seal win-win partnerships."


Related Links
Africa News - Resources, Health, Food


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


AFRICA NEWS
Nigeria extends northern telecoms blackout as military hits bandits
Kano, Nigeria (AFP) Sept 10, 2021
Nigerian local authorities have extended a telecom shutdown in northwest Zamfara state to a neighbouring state as part of an ongoing military crackdown on gangs behind a series of mass kidnappings, an official said Friday. Nigerian security forces in Zamfara last week began one of their largest recent operations against the armed gangs, known locally as bandits, in an attempt to halt the surge in violence. Looking to disrupt the armed groups' communications, the country's telecoms regulator also ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

AFRICA NEWS
NASA grant aids geography professor's climate research on dryland regions

Donkey milk soap soaking up fans in Jordan

California winemakers take wildfire-fighting into their own hands

Floating Dutch cow farm aims to curb climate impact

AFRICA NEWS
Ultra-efficient tech to power devices of tomorrow and forge sustainable energy future

Researchers use gold film to enhance quantum sensing with qubits in a 2D material

Chinese chip giant to invest $9 bn in new plant as US ban bites

Discovery paves way for improved quantum devices

AFRICA NEWS
Biden administration targets 20% drop in aviation emissions

Hong Kong completes third runway as pandemic keeps city isolated

NASA innovations will help US meet sustainable aviation goals

Two-Seater version of Russia's new Checkmate Fighter will be offered to woo foreign buyers

AFRICA NEWS
Trial of former VW boss delayed again over ill health

UK Transport Secretary encourages UK to switch to electric vehicles

Bicycles, mini-cars, protests: climate fears mar motor show

Hyundai to speed up hydrogen auto roll-out

AFRICA NEWS
Xi says 'critical' to reset US ties after 'serious difficulties'

The self-made Chinese billionaire battling to save debt-mired Evergrande

Blackstone scraps $3bn takeover of property giant Soho China

Greek PM offers tax cuts, improved growth in rebound bid

AFRICA NEWS
Trees regularly wring bedrock for a life-sustaining drink of water

'Virtuous cycle': Putting a price on CO2 in Gabon's forests

Conservation meet mulls plan to protect 80% of Amazon

Top Brazil court hears arguments in key indigenous land case

AFRICA NEWS
Allen Coral Atlas completes map of the world's coral reefs using satellite imagery

Meteosat Gen 3 takes major step towards its first launch

Gaofen 5-02 satellite launched from Taiyuan

BlackSky secures investment from Palantir

AFRICA NEWS
Striking Gold: A Pathway to Stable, High-Activity Catalysts from Gold Nanoclusters

Tracking the movement of a single nanoparticle

Researchers demonstrate technique for recycling nanowires in electronics

Custom-made MIT tool probes materials at the nanoscale









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.