Showing posts with label Congo. Show all posts
Showing posts with label Congo. Show all posts

Wednesday, January 31, 2024

China Plunders Congo, Exploits Miners — "Anti-imperialists” Approve

Photo Credit: Sebastian Meyer
By Charles Andrews*

Late in January Sinohydro Corp and China Railway Group Limited re-negotiated their plunder of the Democratic Republic of the Congo (DRC). They hold 68% of Sicomines, a joint copper and cobalt mining venture with a local corporation. The two Chinese corporations will pay a pitiful royalty of 1.2% on gross sales.

The Chinese firms also pledged to invest $7 billion in infrastructure in the Congo during the life of the agreement. However, in the previous contract they had agreed to put in $3 billion but actually invested only $822 million.

Friday, March 3, 2017

THIS IS CAPITALISM! Smartphones made by blood; child labour in Congo's cobalt mines

It's Capitalism, Stupid...

A Sky News investigation has found children as young as four working in Congolese mines where cobalt is extracted for smartphones.The mineral is an essential component of batteries for smartphones and laptops, making billions for multinationals such as Apple and Samsung, yet many of those working to extract it are earning as little as 8p a day in desperately dangerous conditions.