Tuesday, December 23, 2008

Investors Flee Katanga

Radio Okapi reports that investors are fleeing Katanga, taking their equipment with them. And a confidential source tells me that private Chinese investors are leaving Katanga, in the dead of night. This spells bad news for the DRC government. Gold remains the only mineral to retain (and even augment) its value since the global recession began last fall, and most of the gold is found in eastern Congo, where the government's hold is weakest.

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