Reuters published on 27 June 2024 an article titled "China's Norinco Agrees to Buy Struggling Congo Cobalt Miner Chemaf."
Family-owned cobalt miner Chemaf SA has agreed to sell assets in the DRC to Chinese state-owned China North Industries Corp (Norinco). Chinese state-owned companies are the largest investors in the DRC's cobalt and copper mining sectors. Chinese companies have been aggressively expanding ownership of African cobalt for its electric vehicle manufacturers.
