🇨🇩 🇨🇳 Chinese firms hold stakes in 54% of DRC critical mining projects

Chinese companies now hold minority or majority stakes in 54% of the Democratic Republic of Congo’s critical mining projects, according to the latest update of the critical minerals database produced by Africa Business+ in partnership with EY. The report says China’s presence in the DRC has expanded to 49 projects, underlining its growing role in the world’s second-largest copper producer.

The investments involve both private Chinese groups and state-owned firms. The DRC is a major global source of copper and cobalt, including output from the Tenke Fungurume mine, one of the world’s largest copper and cobalt operations.

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@africaintel