Democratic Republic of Congo is still looking for partners for the world’s biggest hydropower project and expects expanded mining investments from the United Arab Emirates as the central African nation prepares for December elections.
“It’s not impossible that tomorrow we could see a kind of consortium developing around the World Bank, Chinese investors, maybe Europeans,” along with Fortescue, he said on the sidelines of the United Nations General Assembly on Tuesday. Tshisekedi expects to meet this week with Fortescue, which wants to develop a green hydrogen project in Congo. The company declined to comment on Wednesday.
Abu Dhabi-based Primera Group will soon increase investments to include those two metals after starting a gold venture with the government in January, Tshisekedi said. The group is also planning a smelter to produce tantalum, tin and tungsten in partnership with a state mining company. Conflict has plagued resource-rich eastern Congo for decades, and animosity between its government and neighbor Rwanda has raised fears of wider fighting. Congo accuses Rwanda of backing M23, a claim Kigali denies.
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Congo sees expanded UAE mining investment, seeks Inga partnersThe plans signal an openness to new investors beyond the Chinese and European companies.
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