The President ordered a technical and financial audit of the Sicomines contract, in particular, and called for the “revision of certain mining clauses between the DRC and the Chinese business group.”
He made no mention of the other major mining contract involving China Molybdenum Co.’s ownership stake in the massive Tenke Fungurume copper and cobalt mine.
The audit of the Sicomines contract is consistent with his policy of restructuring the country’s major mining deals with foreign companies to make them more equitable. However, the directive he gave to Foreign Affairs Minister Christophe Lutundula could indicate that he’s ready to put an end to this process.
Lutundula will now work with his Chinese stakeholders to set up a “joint Sino-Congolese commission that will look at areas of common interest” with the desired objective that “the implementation of contracts be win-win.”
The
There's more to this story
Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
cancel anytime
Already a a subscriber Sign In
