{"id":413317,"date":"2010-03-10T12:08:00","date_gmt":"2010-03-10T17:08:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/china-faces-africa-resource-set-back-in-squabble-over-congo-copper-deal-2010-3"},"modified":"2010-03-10T12:08:00","modified_gmt":"2010-03-10T17:08:00","slug":"china-faces-africa-resource-setback-in-squabble-over-congo-copper-deal","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/413317","title":{"rendered":"China Faces Africa Resource Setback In Squabble Over Congo Copper Deal"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4a8ee0d1a77c37781c1f8761\/copper-cablejpg.jpg\" border=\"0\" alt=\"copper-cable.jpg\" \/><\/p>\n<p>One of China&#8217;s biggest African investments has hit the skids due to IMF dissent over the project, <a href=\"http:\/\/www.atimes.com\/atimes\/China_Business\/LC11Cb02.html\">according to Asia Times Online<\/a>.<\/p>\n<p>The Congo copper deal, which was set to involve $9 billion in Chinese investment in infrastructure and mining projects, would have paid out returns to a <a href=\"http:\/\/www.atimes.com\/atimes\/China_Business\/LC11Cb02.html\">China-Congo company called Sicomines<\/a>.<\/p>\n<p>This deal was meant to involve access to 10 million metric tons of copper, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601116&amp;sid=a2NJs1DQhCSA\">according to Bloomberg<\/a>.<\/p>\n<p>Beyond the IMF and the West&#8217;s displeasure, local corruption is also holding up the project.<\/p>\n<p>China&#8217;s demand for copper <a href=\"http:\/\/www.businessinsider.com\/forget-chile-lme-copper-stocks-2010-2\">may be dimming<\/a>, but this certainly is not a positive for a regime seeking greater access to minerals.<\/p>\n<h2><span><strong><strong><a href=\"http:\/\/feedproxy.google.com\/~r\/TheMoneyGame\/~3\/china-vs-aid-african-investment-smackdown-2010-1\/china-invests-billions-in-african-financial-services-1\">Now Check Out How China&#8217;s African Investments Compare To Charity&#8211;&gt;<\/a><\/strong><\/strong><\/span><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/china-faces-africa-resource-set-back-in-squabble-over-congo-copper-deal-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/china-vs-aid-african-investment-smackdown-2010-1\">SAVING AFRICA: China Has Done Much More For Africa Than Bono, Live Aid, And Oprah Put Together<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/secs-rick-bookstaber-hedge-funds-are-pumping-the-gold-bubble-and-luring-investors-off-the-cliff-2010-3\">Rick Bookstaber: Hedge Funds Are Pumping The Gold Bubble And Luring Investors Off A Cliff<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/stocks-close-up-after-turbulent-afternoon-commodities-mixed-2010-3\">Stocks Close Up Again<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/kHj3qx407Gw\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of China&#8217;s biggest African investments has hit the skids due to IMF dissent over the project, according to Asia Times Online. The Congo copper deal, which was set to involve $9 billion in Chinese investment in infrastructure and mining projects, would have paid out returns to a China-Congo company called Sicomines. This deal was [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-413317","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/413317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=413317"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/413317\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=413317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=413317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=413317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}