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Vol 3 (AAC) No 8

Published 1st June 2010


Is what is good for Zijin good for Congo?

A storm is gathering over attempts by China’s Zijin Mining Group to buy Platmin Congo without prior approval from President Joseph Kabila’s government, despite generally good Beijing-Kinshasa relations. The row centres around Platmin Congo’s rights to a joint venture with the state mining company Gécamines. The Mines Ministry is blocking the deal, pending negotiations on the future of the joint venture, and both sides have set a deadline of 30 July to resolve outstanding issues.

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