US Bets on $2.3 Billion African Railway to Help Deliver EV Revolution
February 23rd, 2024
Courtesy of Bloomberg, a report on Washington’s gamble that the Lobito corridor linking Congo, Zambia and Angola will provide the battery metals to power its green transition: Ahead of a trip to Zambia in September, Kurt House made a detour to Washington to meet US Under-Secretary of State Jose Fernandez, who subsequently wrote on X. “We […]
Read more »China in the DRC
February 20th, 2024
Via Transcend Media Service, an article on China’s involvement in Congolese cobalt mining industry: Several weeks ago here I reviewed Siddharth Kara’s book “Cobalt Red, How the Blood of the Congo Powers Our Lives ,” which describes horrific working conditions of “artisanal miners” in the cobalt mining industry in the Democratic Republic of the Congo. Black Agenda Report then received […]
Read more »West Challenges China’s Critical Minerals Hold on Africa
February 17th, 2024
Via Reuters, a report on the West’s efforts to challenge China’s critical minerals hold on Africa: China’s CMOC Group overtook Glencore to become the world’s largest producer of cobalt last year as it ramped up its new Kisanfu mine in the Democratic Republic of Congo. The company’s production leapt by 174% year-on-year to 55,526 metric […]
Read more »Congo’s Gecamines and Entreprise Generale du Cobalt Sign Mining Deal
February 9th, 2024
Via Reuters, a report on a recent deal between the DRC’s Gecamines and Entreprise Generale du Cobalt: Congo’s state mining company Gecamines and its subsidiary Entreprise Generale du Cobalt (EGC) have signed an agreement granting EGC exclusive mining rights to five mining areas, the firms said on Wednesday. Created by government decree in December 2019, […]
Read more »DRC: Trafigura, Ivanhoe Sign Copper Export Deal via US-Backed Corridor
February 8th, 2024
Courtesy of The Africa Report, an article on the recent announcement that two firms, Singapore-based Trafigura and Canada’s Ivanhoe Mines, signed a major deal to export copper along a US-backed rail route from Democratic Republic of Congo to Angola: Two firms, Singapore-based Trafigura and Canada’s Ivanhoe Mines, signed a major deal to export copper along […]
Read more »Paving The Way: DRC’s ‘Contract of the Century’ with China
February 6th, 2024
Courtesy of The Africa Report, an article on the DRC’s $7B agreement with China for infrastructure: Félix Tshisekedi couldn’t have wished for anything better to launch his second term as president of the Democratic Republic of Congo (DRC). On 19 January, on the eve of his inauguration, an agreement was reached between his government and […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.