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“The cobalt and copper deposits of the contract are valued at more than 90, China 97% and DR Congo 3%. »
SICOMINES, imaginary figures on the barter of the century China / DR Congo win / lose!
February 21, 2023Kiki Kienge
By Kiki Kienge
What will the Congolese Justice do to this report of the IGF, will it react for the rights of the Congolese people, or the report will also be locked up in the territories of the institutions as usual following political pressure.
“The misfortune of the Congolese people is their political class. The majority, more than 90% of the people who are part of the political class, promote mediocrity, promote hooliganism, public governance through corruption. » Jules Alingete, chief inspector of the IGF.
Namely, one of the levers that remains in the DR Congo to put pressure on the consortium of Chinese companies, is the non-renewal of the operating permit at Sicomines.
According to Mr. Alingete, chief inspector of the IGF (General Inspectorate of Finance), the Sino-Congolese agreement is not a contract between two states, Chinese and Congolese. But a Congolese government contract with Chinese companies.
The cobalt and copper deposits of the WIN-WIN contract are valued at more than US$90 billion. On assets, China has 97% and DR Congo 3%. Chinese companies in exchange should build 5,000 social housing units, 145 health centers, 31 hospitals with 150 beds, 3,500 km of rail and the same km for roads, rehabilitation and construction of at least 4 airports, construction of 2 universities, construction of 2 hydroelectric dams…
Sicomines has declared that in 15 years it has built infrastructures of the order of US$822 million, of which in reality it is only worth US$300 million, given the over-invoicing and non-realizations. The stadiums of Goma, Bukavu and Bunia declared already realized for a value of 30 million $US, have never been built to date.
The CEO of Sicomines is a Chinese citizen, the CEO a Congolese. But then when the CEO is absent, he leaves the interim and the signature to a Chinese director who must order his Congolese CEO.
Chinese companies in 15 years have already collected more than US$10 billion. 9 billion US$ of revenues (earnings) from the exploitation of Congolese cobalt and copper in Greater Katanga, were found in an account in Dubai which was used to pay Chinese companies.
Sicomines notably sells its production of Congolese minerals at half price (50%) to Chinese barter partner companies (win-win), which resell them in China at 100%, the Congolese State has lost more than US$7 billion on this merry-go-round.
The DR Congo to bring cobalt and copper deposits from Katanga worth US$90 billion, Chinese companies should bring in fresh capital for the exploitation of Sicomines, but they went to raise funds on the stock market and others with the Sicomines contract for only the construction of infrastructures, when the fresh capital should be used for the operation of Sicomines. Reimbursement of funds for the construction of infrastructure should be reimbursed on the part of the Congolese State would gain in the exploitation of cobalt and copper.
Jules Alingete, the chief inspector of the IGF, noted in particular that there would be programs included in the Sino-Congolese contract signed in 2007, which today in 2022 and 2023 would be financed by the new government of Sama Lukonde and even other programs under the Felix Tshisekedi regime. .