JOHANNESBURG, SOUTH AFRICA -- (MARKET WIRE) -- 06/26/08 -- Researched by Industrial InfoResources (Sugar Land, Texas) -- The renegotiation of mining contracts inthe Democratic Republic of Congo is scheduled to start inmid-July, according to government statements. This should clear theuncertainty, which has dogged mining start-ups and deals since thegovernment launched a review of 61 contracts. A group of senior governmentministers have formed a task force to review mines. The group will look atcontracts signed during the country's civil war, which ended in 2003, andother contracts that have roots going further back. Chinese investment isone of the major factors driving the mining boom and the sale of miningrights. In April, details of a $2.9 billion investment by China RailwayGroup Limited (HKG:0390) (Beijing) into copper and cobalt mining sawfinancing and loans of $1.83 billion, includinginterest-free loans of $550 million.For details, view the entire article by subscribing to Industrial Info'sPremium Industry News athttp://www.industrialinfo.com/showNews.jsp?newsitemID=134812, or browseother breaking industrial news stories at www.industrialinfo.com.
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