Chinese firm to invest $147m in copper project in DRC.

Zhejiang Huayou Cobalt Company of China, will invest $147.2 million to build a copper project in Democratic Republic of Congo (DRC), as it extends the exploration of its mining assets in the country, the company said in a filing to the Shanghai stock exchange on Tuesday.

The project will be located in the Lukuni region in the south of DRC, and will have annual electro-deposited copper production capacity of 30,000 tonnes.

Electro-deposited copper is a raw material widely used in the electrical equipment and machine manufacturing sectors.

Huayou has built two cobalt refineries in the Luiswishi region of DRC after buying copper-cobalt mineral rights from La Generale des Carrieres et des Mines in 2015.

The new copper project is expected to launch by September 2019, the company said in the filing, but it also warned it still needs approvals from Chinese authorities.

The investment will be made through its subsidiary Congo DongFang International Mining (CDM), which mainly sources copper and cobalt from DRC.

Comments

More Than 100 Angry Youths Chased Maracha District Officials Out of Site Meeting Over Corruption.

📸: Some of the angry Youths displaying placards as others walked in to stop the ongoing meeting by Maracha District officials. Story by Osuta Yusuf. Maracha District. 3-February-2025. 📸: Kololo Public Seed Secondary School whose construction project has again stalled. Photo by Osuta Yusuf, Our News Reporter. The angry youths from Vurra Parish, Tara Sub-county in Maracha East constituency, Maracha District have on Monday 3-Feb-2025 chased the entire Maracha District officials out of a site meeting in Kololo Seed Secondary over allegations of corruption stemming from the stalled seed school construction project. Key Maracha District officials who went for the site meeting on Monday 3-Feb-2025 include, the Security department headed by the deputy RDC Koliba Monica Kotevu and Assistant RDC Collins Dramani, the LC5 Chairperson Hon Obitre Stephen together with his DEC Councilors, the accounting / technical department headed by the CAO Mr Olila Patrick, the Engi...

Ambassador Angualia Richard Perished in a Fatal Accident.

Story by Osuta Yusuf. Arua City. 29-7-2025. 📸: Portrait of Ambassador Angualia Richard. Courtesy Photo. Former Uganda's Ambassador to Egypt, Ambassador Angualia Louis Richard has been reported dead this evening 5pm 28-7-2025 after he was involved in a head-on collision accident with another motorcycle rider near Abi Farm, Ayivu East Constituency in Arua City. 📸: Photos from the scene of the Accident. Courtesy Photos. He met his death this evening while riding on a Bajaj Motorcycle. Amb. Angualia, who contested in 2011 for Maracha County but lost to Hon Alex Onzima Adrooa. In 2016 when two Constituencies were created in Maracha District, carving Maracha Constituency and Maracha East constituency, Ambassador Angualia contested for Maracha Constituency MP position in 2016 but lost to Hon Oguzu Lee Denis. Ambassador Angualia later shifted to contest in Maracha East Constituency but again lost to Hon Ruth Lematia Molly Ondoru during the 4-September-2020...

Lab Student Drowned, Body Missing in Rokoze Lake in Nyadri Sub-county, Maracha District.

Maracha District. 5-December-2025. 📸: Residents gathered around the lake as they searched the missing body of the student. Photo by #Information_is_Power's news reporter. This afternoon Friday 5-December-2025, a student from St Joseph Laboratory Training School in Maracha hospital, a one Araku Denis drowned in Rokoze water body in Nyadri Sub-county and the body has not been retrieved upto this night as the police and residents searched for it and in vain but they are expected to resume retrieving it tomorrow Saturday 6-December-2025. 📸: Photo of the deceased which we captured on his phone screen this night. Araku and his fellow students had reportedly gone to pass time at water point after completing exams papers of today. Him and callagues got attracted to swimming at water body where he perished. By press time, efforts to retrieve his body proved futile as the body remains invisible on water surface. Rokoze water body...

Information is Power

Search This Blog