Economie
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5Congo Agrees to Freeport’s Sale of Copper Mine to China Moly
Democratic Republic of Congo will agree to Freeport-McMoRan Inc.’s sale of its undeveloped Kisanfu copper and cobalt project to China Molybdenum Co., Mines Minister...
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117U.S. Court Declares Congo in Default Over Oil Arbitration Award
A U.S. court declared the Democratic Republic of Congo in default after the state didn’t defend itself against a lawsuit brought by...
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248UN Experts Show Gold Smuggling Networks From Congo to Dubai
Gold smuggling from eastern Democratic Republic of Congo is costing the impoverished country millions of dollars in tax revenue and funding conflict...
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163Congo Miners May Breach Rights With Virus Controls, Groups Say
Copper and cobalt-mining companies in the Democratic Republic of Congo may be violating the rights of their workers with stringent confinement policies meant...
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197
Congo Hit by Oil Explorer’s Bid to Confirm $619 Million Award
A South African oil-exploration company has turned to U.S. courts in a bid to enforce a $619 million arbitration award against the Democratic...
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210Glencore Cuts Back on Cobalt, Copper Spending Due to Virus
Glencore has decided to suspend capital expenditure (capex) unrelated to sustaining daily operations or critical projects by up to $1.5 billion in 2020....
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118Congo GDP to Shrink for First Time Since War, Central Bank Says
Democratic Republic of Congo’s economy will probably shrink 1.9% this year, the first contraction since 2001 when the nation was in a civil war,...
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130
Congo Government Tells Central Bank to Stop Currency’s Devaluation
Democratic Republic of Congo’s government has told the central bank to intervene in the foreign exchange market to stop the devaluation of the Congolese...
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223IMF Approves $363 Million for Congo to Fight Covid-19 Pandemic
The International Monetary Fund will provide a $363.27 million loan to the Democratic Republic of Congo to fight an economic situation that...
