In Africa lies one of the deepest rivers in the world, the Congo River. This totemic river marked the emergence of human life on the African continent and cradled one of the world's oldest civilisations.
In the 21st century, it also marks a coming of age of China's 'Go Global' commercial strategy.
China Nonferrous Metal Mining Company (CNMC) has built a leading modern city of copper and cobalt right in the African jungle where the Congo River borders the Lualaba River in the form of Project Deziwa.
On January 15, 2020, the completion and commissioning conference of CNMC's Project Deziwa was organised.
The conference sounded the clarion call to enter commercial production, and demonstrated not only the merits of the builders, but also the significant achievements of CNM's international development strategy.
Four years earlier, representatives of the Gecamines, who had travelled from far and wide to attend the signing ceremony of the Joint Venture Agreement of the Project Deziwa, gathered together with representatives of CNMC in Beijing to discuss the development plans.
CNMC is one of the first enterprises in China's non-ferrous metals industry to implement the global strategy. In recent years, CNMC has actively responded to the Belt and Road Initiative, and formed a full industrial chain of resource development mainly in copper overseas.
On 28 May 2018, CNMC started the construction of the Project Deziwa according to global standards, and the completion and commissioning conference of CNMC's Project Deziwa was organised on January 15, 2020.
The conference, which was held 150 days ahead of schedule, sounded the clarion call to enter the commercial production, and demonstrated not only the merits of the builders, but also the significant achievements of the "Go Global" development strategy of CNMC.
Total investment in the completed Project Deziwa of CNMC is effectively under control, with the equity structure being "reasonable", a strong endogenous power and an excellent development environment. A modern city of copper and cobalt now serves the world, and its rising demands in the energy transition.
In May, a signing ceremony involving 'Public Welfare Initiative for Communities' was held in the framework of CNMC's Project Deziwa.
Investment will be channeled into agriculture, infrastructure, education, healthcare and energy over the next five years, with special funds to aid the communities around the mining area, effectively fulfilling the social responsibility of overseas Chinese central SOEs and allowing the local people in the area to enjoy the wealth and fruits brought by the resource development.
Looking forward, CNMC's Project Deziwa will continue to explore resource development of the East Ore Body of the Project Deziwa Phase II.
- Fuse Cobalt and Electra Battery sign raw material supply MoUSupply Chain & Operations
- Applying artificial intelligence to improve project planningTechnology
- Anglo American first half earnings decline 28 percentSupply Chain & Operations
- Equinox Greenstone gold project to launch first half 2024Supply Chain & Operations