EXCLUSIVE Congo reviewing $6 bln mining deal with Chinese investors -finmin

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Democratic Republic of Congo's government is reviewing its $6 billion 'infrastructure-for-minerals' deal with Chinese investors as part of a broader examination of mining contracts, Finance Minister Nicolas Kazadi told Reuters.

A copper and cobalt mine run by Sicomines is seen in Kolwezi, Democratic Republic of Congo, May 30, 2015. REUTERS/Aaron Ross/File Photo

His government announced this month it had formed a commission to reassess the reserves and resources at China Molybdenum'sKazadi said in an interview that the 2007 deal agreed with Chinese state-owned firms Sinohydro Corp and China Railway Group LimitedSinohydro and China Railway did not immediately respond to a request for comment.

"We saw that there were some governance issues in the past," said Kazadi. "We needed more clarity on the contract, the kind of finance that is behind investment." After Tshisekedi announced the reviews in May, a move attributed by some analysts to Western pressure to go after Chinese companies, China's ambassador to Congo warned the country "must not be a battlefield between major powers".

"There is no doubt that the review should be successful and will lead to a new disbursement in December," he said, adding the next disbursement of just over $200 million would be used to bolster foreign currency reserves.

 

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I thought mining in conflict zones was our thing❓😏

:/

can you fact check this please

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