Financial Times FT.com

Chinese copper entrepreneurs flee DR Congo

By Barney Jopson in Lubumbashi

Published: February 19 2009 19:50 | Last updated: February 19 2009 19:50

More than 40 Chinese-run copper smelters are standing idle in the Democratic Republic of Congo after their owners fled the country without paying taxes or compensating staff at the end of the commodity boom, according to a governor.

Agence,France-Presse
A smelting plant in Congo. Chinese owners abandoned their sites in a matter of days in an apparently co-ordinated move
Moïse Katumbi, governor of Katanga province, which is bisected by Congo’s copper belt, said Chinese entrepreneurs abandoned their smelters in a matter of days in a co-ordinated move at the end of last year as copper prices tumbled.

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