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Deal #6066

Location #1

Spatial accuracy level
Administrative region
Location
Katanga, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.

Land area

Comment on land area
size of exploitation license unclear.

Intention of investment

Intention of investment
Mining
Comment on intention of investment
Sicomines will construct transport and social infrastructure, financed by loans from Exim Bank of China, in exchange for mining titles. Loans to be repaid from profits of JV.

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2007] Concluded (Oral Agreement)
[2009] Concluded (Contract signed)
Comment on negotiation status
Agreed in 2007 (MOU signed). International and local actors protested the project and as a result several negotiations took place. Signed contract only signed in October 2009.

Implementation status

Implementation status
Project not started
In operation (production)

Contract farming

Contract farming
No

Operating company

Comment on investment chain
A JV between the DRC’s Gécamines (with a 32% stake) and a consortium of Chinese companies (with a 68% stake). China Machinery Engineering Corporation might also be a party in the Chinese consortium.

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Date
2011-11-01
Comment on data source
The Sicomines Agreement: Change and Continuity in the Democratic Republic of Congo’s International Relations

Data source #2

Data source type
Research Paper / Policy Report
File
Comment on data source
CARI- The risks and rewards of Resource-forInfrastructure deals: Lessons from the Congo's Sicomines Agreement David G. Landry

Data source #3

Data source type
Media report
File
Date
2017-11-13
Comment on data source
Buisness Day- Millions missing in loans from China to DRC copper mining project.

Data source #4

Data source type
Research Paper / Policy Report
Publication title
The risks and rewards of resource-for-infrastructure deals: Lessons from the Congo's Sicomines agreement

Detailed crop, animal and mineral information

Resources area
Cobalt, Copper

Use of produce

Has export
Yes

April 8, 2019, 9:31 a.m.

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Jan. 24, 2019, 3:18 p.m.

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June 1, 2018, 12:07 p.m.

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