DRC: Chinese Company Removed as Operator of Cobalt Mine in Congo


Feb 28, 2022 | Eric Lipton and Dionne Searcey, New York Times
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A court in the Democratic Republic of Congo has sidelined the Chinese owner of one of the world’s largest copper and cobalt mines, a major victory for the Congolese government as it seeks to become a bigger player in the global clean energy revolution. The ruling, which removes Chinese leadership of the mine for at least six months, stems from a dispute over billions of dollars in payments the Congolese government says it is owed by the Chinese owner, China Molybdenum.