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
Nigeria orders power distributors to refund meter buyers within 12 months Refunds cover 20.33 billion naira owed under MAP programme Policy...
Gabon president demands rapid action as power outages hit Greater Libreville SEEG asked to present operational measures and improve...
Resolute Mining plans La Debo gold project scoping study in 2026 Project currently hosts estimated 643,000 ounces of inferred gold Company...
Côte d’Ivoire could become world’s third-largest natural rubber producer Rubber exports quadrupled to 1.7 million tonnes between...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
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.