Vol 5 (AAC) No 1 | CONGO-KINSHASACHINA Frozen funds 10th November 2011 The finance for the Congolese-Chinese joint venture has been held up and Kinshasa wants the mining companies to bridge the gap China is withholding money that is needed to rehabilitate 700 kilometres of railway in Katanga and Kasai, leading the Congolese government to call on mining companies to raise...
Vol 5 (AAC) No 1 | CONGO-KINSHASACHINA IMF worried about Chinese loans again 10th November 2011 The award of the copper and cobalt mines at the Lonshi and Frontier sites to the Hong Kong company Fortune Ahead Limited is causing concern at the International...
Vol 5 (AAC) No 1 | CHINAUNITED STATESAFRICABRIEFING National interests and hard cash 10th November 2011 The United States Senate is again raising the alarm about Washington losing out to Beijing in Africa. On 1 November, the Senate Subcommittee on African Affairs, chaired by...
Vol 5 (AAC) No 1 | SOUTH AFRICACHINABRIEFING The unions turn up the pressure 10th November 2011 Chinese companies’ treatment of trades unions in South Africa has come to national attention again, just as the elections in Zambia have highlighted the government’s role in managing...
Vol 4 (AAC) No 12 | CHINAAUSTRALIAAFRICA Insider trading 5th October 2011 Australian financial authorities are investigating the trading activities of resource company executives in two lucrative takeover deals The latest attempt by a Chinese company to secure African mining assets from Australian companies has hit the skids over concerns about insider trading by Hanlong Mining. Several suspicious deals...
Vol 4 (AAC) No 12 | SOUTH AFRICACHINA Dalai Lama dumped again 5th October 2011 Beijing appears to call the shots in relations with South Africa. While the Dalai Lama awaited a visa to attend Archbishop Desmond Tutu’s 80th birthday party on 7th October, South...
Vol 4 (AAC) No 12 | ANGOLACHINASINGAPOREAFRICA China Sonangol is open for business 5th October 2011 Transparency has not been a major feature of China Sonangol’s and China International Fund’s activities in Africa, but one of the investment vehicles is now embarking on a human-resources drive...
Vol 4 (AAC) No 11 | GHANACHINA The revolution will be financed 15th September 2011 President John Atta Mills plans to use Chinese credit lines to develop the country’s hydrocarbons infrastructure and build up an industrial base Opposition New Patriotic Party (NPP) members of parliament were up in arms when the governing National Democratic Congress (NDC) used its slim parliamentary majority to push through approval...
Vol 4 (AAC) No 11 | GUINEACHINA Betting on Boffa 15th September 2011 The government is negotiating the biggest-ever mining contract with a state-owned Chinese company, while another deal gets downsized President Alpha Condé’s new government has been investigating the capacity of one of China’s large state-owned construction companies during the last few months. A June trip to China...
Vol 4 (AAC) No 11 | GUINEACHINA Pulling away CIF’s welcome mat 15th September 2011 Guinean President Alpha Condé has removed the most attractive clauses of China International Fund’s joint venture agreement with the former military junta of Captain Moussa Dadis Camara. The...