Sicomines: the EITI aims to find out if the DRC is able to pay its debt to China
The Extractive Industries Transparency Initiative (EITI) will try to quickly discover if the mineral deposits mined by Sino-Congolese joint venture Sicomines are sufficent to enable the DRC to repay China's investment costs in the venture or if China should be given free access to other sites, as the agreement at the origin of the project provides. [...]
Snubbed by Sudan, Pompeo and Netanyahu scour Africa in search of support
Despite months of lobbying, the US Secretary of State Mike Pompeo has failed to convince the president of Sudan's Sovereign Council to recognise Israel or support the Middle East peace plan concocted by Donald Trump's son-in-law, Jared Kushner. [...]
$617m arbitration: Dig Oil uses upper edge to corner Tshisekedi
Threatened with a fine equal to 10% of the national budget, the Congolese president has little choice but to negotiate with Dig Oil even as Kinshasa looks for a last ditch attempt to annul the arbitral ruling in favour of the South African oil junior. [...]
Congo's $619m hot potato: who's to deal with Dig Oil over crippling arbitration award?
The DRC is coming under increasing pressure to comply with a 2018 arbitration award of hundreds of millions of dollars in favour of South African junior Dig Oil over the delayed attribution of Cuvette Central blocks. [...]