Mr Inappropriate
Regular
So the Minister of Mines that issued the ML decree in May last year (Antoinette N’samba Kalambayi) was left without a seat when the music stopped?
AVZ Discussion 2022
- Thread starter GazDix
- Start date
Professor of Law then should see the illegal break up of 13359 and corrupt dealings of Mupande trying to split Northern Section of tenament who is still not removed from his position .
Where are those surface rights ??
Rediah
Regular
Xerof
Biding my Time 1971
Bollocks
MoneyBags1348
Top 20
Félix Tshisekedi récuse le contrat du siècle de Joseph Kabila avec la Chine, négociations avec les Australiens sur Grand Inga - Kongo Presse
Par Kiki kienge « Le contrat du siècle », mieux vaut parlé d’un troc séculaire entre la République Populaire de Chine et de la République Démocratique du Congo. Gagnant-gagnant ? En bref,…
kongopress.com
Félix Tshisekedi rejects Joseph Kabila's contract of the century with China, negotiations with the Australians on Grand Inga
January 20, 2023Kiki Kienge
"The contract of the century", better to talk about a centuries-old barter between the People's Republic of China and the Democratic Republic of Congo.
Win-win?
In short, for China, this agreement is only a possibility to put a hand in the long term, if not to say exhausted on the mining resources of the DR Congo. We talk about cobalt, copper, gold, lithium, Coltan and others.
This barter had been carried out in two stages, the first of September 17, 2007 includes a loan from the Chinese bank EXIM Bank of US$8.5 billion to DR Congo, this amount should be used to modernize the mining apparatus. In addition to Sinohydro and CREC (China Railway Engineering), should build infrastructure in DR Congo: 3,500 kilometers of roads, at least 3,000 kilometers of railways,
especially road infrastructure, more than 30 hospitals with 150 beds and 145 health centers, for an estimated value of US$6.5 billion.
US$5 billion in 2008 was added to this loan, to make a total of US$13,500 billion that will allow China to own Congolese copper and cobalt for many years. A Joint Venture was created for this contract of the century between the two countries, SICOMINE, including 68% to the Chinese and 32% to the countries of Lumumba, DR Congo, which should repay China's loan to DR Congo.
Recall that the West with the IMF in mind, trying at all costs to block this contract, which was even the reason for the deterioration of relations between former President Joseph Kabila and the countries of the West.
For the second stage, the two countries revalued the initial barter to US$3,200 billion for the mining sector and US$3 billion exclusively for infrastructure, for a total of US$6,200.
In this contract between the DR Congo and China, in Article 6, China has even obtained the total exemption of Chinese companies from all taxes, duties, customs, direct or indirect charges, inside or for import and export, payable in the DRC.
Contract of the century under Félix Tshisekedi
Already in 2021, the Minister of Mines, Antoinette N'samba Kalambayi, submitted a report to the Congolese Head of State, Félix Tshisekedi, which stressed the non-compliance with SICOMINES' commitments in the exploitation of copper and cobalt in Greater Katanga.
Minister Antoinette N'samba's report revealed that "the Chinese relied not on the reserves proven by geologists (1.6 million tons of copper and 198,000 tons of cobalt for Sicomines deposits), which most mining groups do, but on probable uncertified reserves, four and a half times larger. ”
Yesterday in Davos, Switzerland, Head of State Félix Tshisekedi returned to the subject and denounced the Chinese' non-compliance with the contract of the century between China and the DR Congo:
"The Chinese have made a lot of money and a lot of profits with this contract. Now, our need is simply to rebalance things so that it becomes win-win. ”
"We are happy to be friends with the Chinese, but the contract was badly written, very badly. Today, the Democratic Republic of the Congo does not benefit from it. There is nothing tangible, no positive impact, I would say, for our population. ”
"You know, the Chinese are the champions of marathon discussions. They are known all over the world for this. We are living this experience now and therefore, we will see, but we remain optimistic. ”
Grand Inga with the Australians
Félix Tshisekedi spoke in particular about the Grand Inga project with the Australians of Fortescue Metals Group Ltd, which must be the largest hydroelectric project in the world, want to integrate other investors, especially Africans, into the project:
"We are not on the same wavelength. We want to make it a kind of opportunity to also unite other interests, in particular African interests. We are open to everything, to all discussions, to all meetings. ”
Mr. Hutchinson, Managing Director of FFI, said:
"The company is actively discussing the project, Fortescue has a team in the DRC and continues to work closely with the government to move things forward. Fortescue welcomes other partners as part of this important project. ”
StevieLash
Emerged
Faaaaark I’m sick of eating baked beans on toast and noodles 
every other day
every other day
Mr Inappropriate
Regular
Add some pineapple?Faaaaark I’m sick of eating baked beans on toast and noodles
TDITD
Top 20
With any luck the pineapple industry is about to go through a global shortage, a spike in consumption if you will. Primarily due to circumstances reaching the pointy end in DRC.
StevieLash
Emerged
I’m allergic to pineapple
JAG
Top 20
Carlos Danger
Top 20
Absolutely wild that they are blaming a lack of electricity for not doing any work in 5 years. And are basing their claim for damages on our DFS, which we got done in 4 years with the exact same electricity supply. You couldn't make this shit up.
Last edited:
Rediah
Regular
Indeed @Carlos Danger
I want to know their thought process. Is it the best they could come up with to blame power outage issues or they have another secret
If it is true what is being reported, as you said one cannot make this up.
Similar threads
