The Democratic Republic of Congo (DRC) is set to review its $6 billion "infrastructure-for-minerals" contract with Chinese investors, citing concerns they are not sufficiently benefiting Congo.
The government has formed a commission to reassess the reserves and resources at China Molybdenum's Tenke Fungurume copper and cobalt mine, seeking to lay claim to its rights fairly. Further, President Felix Tshisekedi also says that the 2007 deal signed with Chinese firms Sinohydro Corp and China Railway Group Limited was also under review to ensure it is fair and effective.
Under the deal struck with the former President Joseph Kabila, Sinohydro and China Railway agreed to build roads and hospitals in exchange for a 68% stake in the Sicomines venture.
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