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Vol 4 (AAC) No 9

Published 1st July 2011


Shifting foundation

The terms of the mines-for-infrastructure contract are flexible, which is good because they’re up for negotiation again

The Congolese authorities have signalled yet another revision to the historic US$6 billion mines-for-infrastructure deal between the government and a Chinese consortium. China Railways Engineering Corporation, Sinohydro and Zhejiang Huayou Cobalt Corporation hold a 68% share in the Sino-Congolaise des Mines (Sicomines) joint venture, which was created to mine 10 million tonnes of copper and more than 600,000 tn. of cobalt.

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