The Democratic Republic of Congo (DRC) and the United Arab Emirates (UAE) have signed a mining deal worth $1.9 billion for which the Gulf country will develop several mining fields. The partnership “will make it possible to set up more than four industrial mines which should connect the provinces of South Kivu and Maniema,” the president’s office said. South Kivu and Maniema are awash with gold, tin ore and tantalum. Primera Group, an UAE company and the African country launched a joint venture that shipping artisanally mined gold from South Kivu earlier this year. The central African country is the world’s largest cobalt producer and Africa’s top copper source.

Source: The North Africa Journal July 20, 2023 17:29 UTC