The chairman of Gecamines, the state-controlled mining company in the Democratic Republic of Congo, has outlined ambitious plans to partner with Chinese investors to ramp up production of copper and other commodities in the resource-rich African country.
Albert Yuma Mulimbi told the Financial Times he was dissatisfied with most existing joint ventures involving western mining companies, and claimed they had failed to generate adequate returns for Gecamines.
Gecamines is proposing to use a partnership with China Nonferrous Metal Mining Group to develop a major new copper mine as a blueprint for future joint ventures with other Chinese companies or overseas investors.
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