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China links with Kazakhs for DRC push

China’s economy may not be growing at the breakneck speed of yesteryear, but the country’s appetite for African minerals shows no sign of abating. Eurasian Resources, which took former London-listed ENRC private two years ago, has clinched a sizeable financing deal in Beijing to expand its operations in the Democratic Republic of the Congo.

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Rich pickings for foreign miners in the DRC

The Kazakh company has received a US$700 million funding injection from Beijing-based institutions ICBC and Eximbank for a DRC copper and cobalt mining project 26km west from Kolwezi.