Tag: DRC
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CMOC Group settles Congo mining dispute with $800m payment to Gécamines
Chinese miner CMOC Group has agreed to make a settlement payment of $800m between 2023 and 2028 to Congo’s state-controlled mining company Gécamines to end a dispute related to the Tenke Fungurume copper and cobalt mine in the Democratic Republic of Congo (DRC). Furthermore, CMOC will also pay at least $1.2bn (8.66bn yuan) in dividends…
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DR Congo overtakes Peru on copper output, still behind on exports
🇨🇩🇵🇪 The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations show. Congo produced about 2.84 million tons of copper last year, the country’s central bank reported. Peru’s output was 2.76 million tons,…
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An American Mercenary Resurfaces in the Democratic Republic of the Congo
The UN recently linked Erik Prince, the founder of Blackwater, to a shady mercenary deal in the Democratic Republic of the Congo’s war-torn North Kivu. The alleged deal, and others like it, hold great risk for the region. Erik Prince, the founder of Blackwater, has appeared in yet another UN report on sanctions violations, this time in the…
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Russia-DRC: a military agreement stipulates the request for combat aircraft and training between the two countries
The Russian government has approved a draft military cooperation agreement with the Democratic Republic of the Congo (DRC). This draft includes provisions for warship and fighter jet visits by invitation or upon request between the two countries.According to this information shared in particular by the Belgian agency, Belga, quoting the Russian agency, Tass, the agreement…
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M23 rebels seize town in eastern Congo, killing at least 15
BENI, Democratic Republic of Congo, March 6 – The M23 rebel group has taken over the town of Nyanzale in eastern Democratic Republic of Congo, killing at least 15 people in bomb attacks, a local official said on Wednesday. Nyanzale is about 130 km (80 miles) north by road from the provincial capital Goma, and…
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