Daily Management Review

UAE and Congo sign agreement to develop four mines worth $1.9bn


The mines will open in the provinces of South Kivu and Maniema.

Julien Harneis
Julien Harneis
The message from the governments states that the deal reached with Sakima calls for the construction of four industrial mines in the South Kivu and Maniema provinces. At that, it is now unclear which minerals would be extracted under the arrangement. The business has mining concessions for gold, tungsten, tantalum, and tin.

The country's eastern areas, where armed groups are at large, will hopefully start to change as a result of the new collaboration, the President expressed hope.

An agreement worth $1.9 billion was inked by the UAE and the DRC's state-owned mining corporation to develop four mines in the east of the nation, Agence France-Presse (AFP) reported.

A UN report claims that despite a lull in fighting between the 23 March Movement (M-23) rebel group and the country's military forces in the provinces of Ituri and North Kivu, the situation in eastern DRC has gotten worse over the previous three months.

source: afp.com