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Vol 1 (AAC) No 3

Published 1st January 2008


Checking the assets

Big questions are arising about the timing and value of China’s grand foray into Africa’s richest copper and cobalt mines

It could be another three years before China launches its US$3 billion investment into Katanga’s vast reserves of copper and cobalt, according to Congolese mining officials who met their counterparts in Beijing last month. Under China’s plans to invest in mines and infrastructure, Congo would have become one of its most important trading partners in Africa. For Congolese officials, one of the most attractive features of the Chinese plan was its speed of execution, unlike the heavily conditional and slow-moving Western projects.

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