The Democratic Republic of Congo is auditing mining deals skewed towards China
The Democratic Republic of Congo (DRC) is calling for an audit of mining contracts with China, alleging that these agreements heavily favour Beijing. The DRC seeks a bigger share of the proceeds from the mining and export of its resources by Chinese companies, with the finance minister calling for increased tax obligations on these companies. The country is dissatisfied with a $6.2 billion mining deal with China and the state audit office is asking for an additional $17 billion in infrastructure investment from China. The issue stems from informal infrastructure-in-exchange-for-minerals deals put in place by DRC's previous government between 2007 and 2008, and President Tshisekedi will use the issue in his re-election campaign in December.
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