One of World’s Biggest #Cobalt Mines Is at Stake in #Congo Fight
A dispute over one of the biggest copper and cobalt mines is escalating in the Democratic Republic of Congo, threatening to disrupt exports of essential battery materials and raising questions about the project’s future.
A top executive from state mining company Gecamines said that partner CMOC Group Ltd. owes $7.6 billion in overdue payments, and even accused the Chinese metals producer and trader of posing a threat to national security. CMOC said it denies the allegations, “strongly” opposes what it views as unjustified attacks and will defend its rights and interests.
Read more at: One of World’s Biggest Cobalt Mines Is at Stake in Congo Fight – Bloomberg
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