Chinese companies to invest up to $7bn in Congo mining infrastructure
Sinohydro Corp and China Railway Group will invest up to $7 billion in infrastructure projects as part of an agreement over their Sicomines copper and cobalt JV in the DRC.
ANZ has traditionally supported long-life, low-risk mine projects for Australia's staple resources including iron ore, gold, aluminum, copper, and nickel.
Discrepancy comes from how Canadian subsidies may affect the company’s tax treatment compared to American incentives under the Inflation Reduction Act.