DRC: UAE signs $1.9 billion deal with state-owned mining company

Summary:

The United Arab Emirates have signed a $1.9 billion deal with a state-owned mining company in the Democratic Republic of Congo, the Congolese president said on Monday.

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President Félix Tshisekedi announced Monday evening that a government delegation from the UAE had concluded the deal in

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  • The partnership will see the development of at least four industrial mines in the troubled eastern regions of South Kivu and Maniema. 

  • Sakima owns mining concessions in the region for tin, tantalum, tungsten and gold. The government did not say which minerals the deal concerns. 

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DRC: UAE signs $1.9 billion deal with state-owned mining company

The United Arab Emirates have signed a $1.9 billion deal with a state-owned mining company in the Democratic Republic of Congo, the Congolese president said on Monday.