A court in the Democratic Republic of Congo has temporarily removed control of a huge copper and cobalt mine from its Chinese owners.
“The ruling in ‘favour’ of the Congolese state mining firm, Gecamines, is part of a dispute in which the government says it is owed billions of dollars.
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It accuses China Molybdenum, the firm that has owned the Tenke Fungurume mine for the past six years, of understating its reserves.
‘The Chinese company has denied the allegation.
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The mine is one of the world’s largest sources of cobalt, which is a vital component in batteries for electric cars.
BBC /Shakirat Sadiq
Chinese Firm Stripped of Control of Congo Cobalt Mine
