In 2007 China announced a $9 billion deal with Congo for access to its giant trove of copper, cobalt, tin and gold in exchange for developing roads, schools, dams and railways needed to rebuild a country roughly the size of Western Europe and shattered by more than a decade of war.Query: Didn't Congo signal that it was about to sign that deal with China on Monday?
But that deal is now in doubt as falling prices have left Congo in a much weaker negotiating position.
A site tracking political and military developments in the Democratic Republic of Congo, with a focus on resource exploitation.
Wednesday, March 25, 2009
NYT: China Quitting Africa
The New York Times says that China is backing out of Africa, but goes on to give as an example the DRC:
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