Friday, February 20, 2009

China Abandons Congo Copper Smelters

London's Finanical Times has reported that more than 40 Chinese-owned copper smelters in the Democratic Republic of Congo are standing idle after being abandoned at the end of the commodity boom. The paper attributed the comments to Mr Moise Katumbi, the governor of Katanga province.

The newspaper reports that the smelters' owners have fled the country without paying taxes or compensating staff.

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