Congo Wants to Pivot Away From China’s Dominance Over Its Mining
- Goverment blocked Chinese bid for Chemaf copper-cobalt firm
- Country mulls tender to refurbish rail to border with Angola
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Democratic Republic of Congo’s top mining official said the country is courting new investors for its world-class deposits of key metals as it looks to diversify ownership in its industry, which is currently dominated by China.
The plan includes streamlining processes to pay customs and taxes, along with a partnership with the United Arab Emirates, Mines Minister Kizito Pakabomba said in an interview. The nation is also planning to revamp a railway that can be used to transport minerals so cargoes can be more easily exported from a port along the Atlantic Ocean, positioned closer to US and European markets, he said.