[ad_1]
The financial turmoil introduced on by the continued pandemic has accomplished nothing to stem the urge for food of Chinese language mining firms seeking to increase their presence in Africa. This week alone, Chinese language mining giants Zijin and Chifeng Jilong each obtained approval this week to proceed with offers that complete greater than $1.2 billion mixed:
- DR CONGO: Chinese language mining main Zijin Mining obtained approval from its board to take a position $769 million to construct the biggest copper smelting facility in Africa at its Kamoa-Kakula mine within the DRC that it runs with collectively with Canadian agency Ivanhoe Mines. (REUTERS)
- GHANA: China’s Chifeng Jilong Gold Mining has obtained Ghana’s approval to proceed with the acquisition of Golden Star Assets, which owns 90% of the Wassa gold mine within the nation’s southwest, for $470 million in money. (MINING.COM)
- Get a each day e-mail filled with the newest
China-Africa information and evaluation. - Learn unique insights on the important thing developments
shaping China-Africa relations. - Join with main professionals on the China-
Africa Specialists Community.
You have reached your free month-to-month article restrict.
What’s The China-Africa Mission?
Unbiased
The CAP is passionately unbiased, non-partisan and doesn’t advocate for any nation, firm or tradition.
Information
A rigorously curated choice of the day’s most vital China-Africa tales. Up to date 24 hours a day by human editors. No bots, no algorithms.
Evaluation
Numerous, usually unconventional insights from students, analysts, journalist and a wide range of stakeholders within the China-Africa discourse.
Networking
A novel skilled community of China-Africa students, analysts, journalists and different practioners from world wide.
[ad_2]
Source link