The head of the Democratic Republic of Congo’s state mining company will no longer exercise control over the business, despite being reappointed to the post last month.
In its heyday during the commodities supercycle of the early 2000s, Red Kite managed about $3.5 billion and was responsible for supplying about 15% of the copper China was consuming.
Romania is re-opening mines for rare Earth minerals to lure investments in electric battery plants, joining a Europe-wide initiative that aims for a bigger share of the global market.
