DR Congo signs $2bn mining deal with UAE

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A worker drives a fork-lift past a machine pouring a mixture of copper and cobalt in a bag at the STL Lubumbashi in DR Congo. PHOTO | PHIL MOORE | AFP

The Democratic Republic of Congo (DRC) has signed a mining contract with the United Arab Emirates (UAE), a joint venture that will involve the exploitation of 3Ts minerals (Tantalum or Coltan, Tungsten and Tin) in Kivu, eastern parts of the country.

President Félix Tshisekedi witnessed the Monday signing ceremony between state-owned firm Société aurifère du Kivu et du Maniema (Sakima SA) and Primera Mining, an Emirati company, contributing almost $2 billion to the project.