Financial Times FT.com

Africa and China

Congo outlines $9bn China deal

By William Wallis, Africa Editor

Published: May 9 2008 18:09 | Last updated: May 9 2008 18:09

The government of the Democratic Republic of Congo has unveiled details of a controversial $9.25bn agreement that pledges millions of tonnes of copper and cobalt to China in exchange for roads, railways and other infrastructure.

The deal, finalised last month, could prove one of Beijing’s most ambitious forays into Africa yet. On paper it secures 10.62m tonnes of copper and 620,000 tonnes of cobalt for resource-hungry Chinese industries, but this is dependent on overcoming operational challenges that are as great as anywhere in Africa.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this