Big questions are arising about the timing and value of China’s
grand foray into Africa’s richest copper and cobalt mines
It could be another three years before China launches its US$3 billion
investment into Katanga’s vast reserves of copper and cobalt,
according to Congolese mining officials who met their counterparts in
Beijing last month. Under China’s plans to invest in mines
and infrastructure, Congo would have become one of its most important
trading partners in Africa. For Congolese officials, one of the most
attractive features of the Chinese plan was its speed of execution,
unlike the heavily conditional and slow-moving Western projects....
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