Mining

DR Congo: Gécamines and China Nonferrous get together on mining projects

Friday, 17 July 2015 09:08

Générale des Carrières et des Mines (Gécamines SA) signed, on 21 June, a framework-agreement of strategic cooperation with China Nonferrous Metal Mining Co. Ltd (CNMC), a Chinese company headquartered in Beijing.

The signing of this agreement comes as part of the development of mining projects of the DR Congo national company and would help define the principles of the future cooperation between the stakeholders of five major mining projects.

The projects in question are listed in the three groups of Gécamines SA which are Lubumbashi (SOUTH Group), Likasi (CENTRE Group) and Kolwezi (WEST Group) which focus on exploration, prospection and mining research.

Gécamines and the Chinese group have taken the commitment to “jointly manage the different projects to their successful completion, while respecting mutual interests”. The China Nonferrous Metals Company Ltd group, previously Sungreen International Holdings Ltd, is listed on the Hong Kong Stock Exchange. Its activities are centered on non ferrous metals including lead and zinc.

On the same topic
Panoro plans three-well initial development pending investment approval Project builds on active Dussafu Marin block, producing about 30,500 bpd The...
Egypt repays about $5 billion in foreign oil and gas arrears Government aims to cut remaining arrears to $1.2 billion by 2026 Payments...
Mineral resource estimates are often widely promoted by mining companies. Some lead to sharp stock market gains and make it easier to secure new...
Tin production rose 7% in 2025 while EBITDA increased 25%. Output exceeded targets despite a temporary halt at the Bisie mine. Record tin prices...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
03

Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...

Amazon and Starlink Set Up Satellite Internet Rivalry in Africa
04

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
05

Orange Côte d’Ivoire, with Eutelsat, introduced satellite internet to reach rural and underserve...

Satellite Internet Becomes the New Frontier in Africa’s Connectivity Race
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.