Category: china mining

Chinese Companies Seize Indonesian Nickel Resources Amid New Energy Battery Opportunities

May 26, 2022
Asia & PacificChinaChina Business & Economychina miningChinese Regimenickel mattenickel miningWorld
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The recent big investments Chinese companies are making in Indonesian nickel mines are attracting renewed attention. China’s CNGR Advanced Materials Co Ltd. announced on May 19 that it will expand its nickel matte business in Indonesia, partnering with Singapore’s RIGQUEZA International Co., LTD. A total investment of $1.26 billion will be put in a production…

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Congo’s $6 Billion China Mining Deal ‘Unconscionable,’ Draft Report

October 9, 2021
AfricaChinachina miningCongoInternational RelationsWorld
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DAKAR—The Democratic Republic of the Congo should renegotiate its $6 billion infrastructure-for-minerals deal with Chinese investors, according to the draft of a report commissioned by a global anti-corruption body of governments, companies, and activists. The draft, seen by Reuters, describes the deal that was first signed in 2008 as “unconscionable” and urges Congo’s government to…

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China’s Producer Price Index Hits 13-Year High

June 21, 2021
ChinaChina Business & EconomyChina inflationchina miningChinese Regimeproducer price index
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China’s Producer Price Index (PPI) year-on-year increase in May hit its highest in nearly 13 years, according to data released by the Chinese Communist Party (CCP). Officials blamed monetary easing policies in Europe and the United States in response to the global CCP virus pandemic, which broke out in Wuhan, China, in late 2019. PPI…

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