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Vol 44 No 9

Published 2nd May 2003


Congo-Kinshasa

Wood for the trees

Mystery surrounds the fate of a proposed US$50 million investment in the Shikolobwe concession in Katanga, one of the world's richest deposits of copper, cobalt and uranium. The United States used Shikolobwe uranium for the atomic bomb it dropped on Hiroshima, Japan, in 1945. Today's investor, Swiss-based commodities conglomerate Glencore, is interested only in the cobalt and already buys much of Congo-Kinshasa's output through its trading arm.

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