Cobalt - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Thu, 23 Feb 2023 20:44:46 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png Cobalt - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 Is Chinese-controlled copper and cobalt mining joint venture being turned into a political pawn in Congo? https://www.garnertedarmstrong.org/is-chinese-controlled-copper-and-cobalt-mining-joint-venture-being-turned-into-a-political-pawn-in-congo/?utm_source=rss&utm_medium=rss&utm_campaign=is-chinese-controlled-copper-and-cobalt-mining-joint-venture-being-turned-into-a-political-pawn-in-congo Thu, 23 Feb 2023 20:44:46 +0000 https://www.garnertedarmstrong.org/?p=43533 DRC President Felix Tshisekedi, a critic of previous deals, will be seeking re-election in December Report from DRC state auditor calls for infrastructure investment to be increased by US$17 billion Politics could be at play in the latest falling-out between … Read More

The post Is Chinese-controlled copper and cobalt mining joint venture being turned into a political pawn in Congo? first appeared on Garner Ted Armstrong Evangelistic Association.

]]>

  • DRC President Felix Tshisekedi, a critic of previous deals, will be seeking re-election in December

  • Report from DRC state auditor calls for infrastructure investment to be increased by US$17 billion

Politics could be at play in the latest falling-out between the Democratic Republic of the Congo and Chinese companies over a US$6 billion minerals-for-infrastructure deal signed more than a decade ago that Kinshasa says was poorly negotiated and favoured the Chinese side.

DRC President Felix Tshisekedi will be seeking re-election on December 20, and observers say the DRC government is stepping up pressure on Sicomines, a joint venture by the DRC and Chinese companies, to force the renegotiation of the deal signed in 2008 as part of a plan to use the infrastructure projects as a campaign tool.

The DRC’s General Inspectorate of Finance released a report last week that said the DRC was yet to benefit from the deal.

Continue reading HERE

Source: https://www.scmp.com/news/china/diplomacy/article/3211192/chinese-controlled-copper-and-cobalt-mining-joint-venture-being-turned-political-pawn-congo

__________________________________________________________________

[Disclaimer]

The post Is Chinese-controlled copper and cobalt mining joint venture being turned into a political pawn in Congo? first appeared on Garner Ted Armstrong Evangelistic Association.

]]>