Two Chinese companies have agreed to a US$9 billion investment in war-torn Democratic Republic of Congo, Bloomberg reported. China Railway Engineering and Sinohydro will invest US$6 billion into roads, hospitals, railways and universities, as well as contributing an additional US$3 billion to the country’s reserves. In return for the investment, China will gain control of 10 million metric tons of copper and 600,000 tons of cobalt in Congo. The deal was confirmed by China’s ambassador to Congo, Wu Zexian, who said that four major infrastructure projects in the country were nearing completion.
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