Democratic Republic of 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.
Prime Minister Sama Lukonde Kyenge told a mining conference on Thursday: "There has to be some adjustment."
Under the 2008 deal struck with the government of former President Joseph Kabila, Chinese state-owned firms Sinohydro Corp and China Railway Group Limited agreed to build roads and hospitals financed by profits from Congo's Sicomines cobalt and copper joint venture.Congo's government spokesman said he had not read the draft and could not comment. EITI's office in Congo referred Reuters to the terms of reference of the mission and declined to comment further.
Under the 2017 amendment, seen by Reuters, only 65% of Sicomines' profits must initially go toward reimbursing the investments while 35% goes to shareholders. "This amendment constitutes a violation of the security of the interests of the Republic," the draft says.
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