DRC: Ivanhoe, DRC Still at Odds over Zijin Deal

Jun 18, 2015 | Kip Keen, Mine Web
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Three weeks ago Ivanhoe Mines announced a big deal for its Kamoa copper project in the Democratic Republic of Congo (DRC). It signed Zijin Mining, a Chinese miner, onto a $506 million deal to help move the project – a major discovery of the past decade – along. But it quickly became clear that the DRC wasn’t keen to quickly give its blessing to the deal. The mines minister Martin Kabwelulu stated to media that the DRC government would have to greenlight the deal before it could go ahead.