Sinohydro Corp News Today

Chinese resource-backed loans were a lifeline for African economies but fluctuating commodity prices exposed a hidden danger.

Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised minerals deal will largely depend on copper prices remaining high, details of the...

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.

Congos state mining group Gecamines said it will push to secure the rights to buy copper and cobalt at mines it has holdings in, as it attempts to build its own stocks and trade the metals....

The $1.4 trillion pension giant also placed U.K.-based Petrofac on observation over allegations of corruption and bribery.

(Reuters) - The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo's resources with little benefit to the country. | May. 24

The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo's resources with little benefit to the country. The plan to boost Congo's stake and have greater control in managing the Sicomines venture - currently dominated by the Chinese firms - was detailed in a document seen by Reuters, that outlined Congo's demands ahead of talks to overhaul a $6 billion infrast...

DR Congo is the world's largest producer of battery material cobalt and a major copper producer.

The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo's resources with little benefit to the country.

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.