China and Congo agree to regular checks on mining deals

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The presidents of China and the Democratic Republic of the Congo have agreed to regularly assess mining cooperation in the long-term interests of both countries, according to a joint statement on Friday.

The agreement between presidents Xi Jinping and Felix Tshisekedi came after the Congolese leader arrived in the Chinese capital on Wednesday to push for an overhaul of mining contracts he considered "poorly negotiated" under his predecessor Joseph Kabila.

Tshisekedi is also seeking to woo more Chinese investment into the resource-rich African country and gain China's help to fight M23 rebels in the country's east.

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On Friday, Xi welcomed his Congolese counterpart with a guard of honour and a 21-gun salute at Tiananmen Square, before talks in the Great Hall of the People.

Xi said China was ready to strengthen its partnership with Kinshasa and ramp up investment in the central African nation.

The two leaders also agreed to upgrade bilateral relations to a comprehensive strategic cooperative partnership - the highest level of bilateral relations for China.

One of the mining deals the DRC is reassessing is the US$6.2 billion Sino-Congolese joint venture known as Sicomines, a minerals-for-infrastructure contract that the DRC signed with Chinese companies in 2008.

In return for cobalt and copper, the Chinese companies agreed to invest US$3 billion in the mining project in the mineral-rich Katanga province, as well as US$3.2 billion in infrastructure in general.

But in February, the Congolese General Inspectorate of Finance released a report saying the country had not been adequately compensated for the copper and cobalt reserves it contributed.

The report said Chinese companies had exploited about US$10 billion in minerals, but had only built infrastructure with an estimated value of US$822 million.

China's embassy in the DRC and Sicomines strongly contested the report, which the embassy said was "full of prejudice".

Congolese officials said in Beijing that negotiations were ongoing and that a new mining agreement for the project would hopefully be signed by the end of the year.

On Friday, Xi said China would continue to encourage Chinese enterprises to accelerate the implementation of agreed infrastructure projects and strengthen cooperation with the DRC in the mining industry.