Saturday, June 15, 2024
HomeBreaking NewsRAW DEAL: DRC Has Lost $10 Billion In Mineral-Infrastructure Contract With China

RAW DEAL: DRC Has Lost $10 Billion In Mineral-Infrastructure Contract With China

According to an audit report of the China-Democratic Republic of Congo contract involving infrastructure and minerals barter system, the latter has been short-changed.

The audit alleges that China has to date exploited mining resources worth $10 billion in the DRC.

In contrast, it has only built infrastructure estimated at about $822 million.

The report says the DRC has made available deposits with the estimated value of more than $90 billion.

On the ground, however, there is no visibility on the infrastructure Chinese companies should have delivered.

The DRC-China Convention has been in force since 2008.

It should provide Congolese mining deposits to China in order to build several modern infrastructures throughout the DRC.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments