Finance Minister Nicholas Kazadi has alleged that these contracts were skewed in favour of Beijing and wants the tax obligations on these companies increased, reported Quartz.
Officials, in trying to end years of mistrust with Chinese investors involved, say they want to reach an amicable solution to ensure improved revenue for DRC while protecting Beijing's businesses. It hasn't panned out well.
Speaking to reporters at Telangana Bhavan, KTR also urged the centre to set up the proposed Bayyaram steel plant in Telangana in order to save the loss-making Vishaka steel plant in Andhra Pradesh.
Gilgit Baltistan [PoK], July 7 (ANI): The local residents of Gilgit Baltistan staged a sit-in blocking the Karakoram Highway in Nasirabad, Hunza for the fifth consecutive day on Wednesday to protest against the minerals department for permitting mining leases to an outsider company.
Kinshasa [Congo], September 12 (ANI): Congolese President Felix Tshisekedi has called for a review of mining contracts signed with Bejing in 2008 by the previous administration, in a bid to get fairer deals from China.
New Delhi [India], Aug 28 (ANI): In major decisions to liberalise Foreign Domestic Investment (FDI) norms to boost investment, the Union Cabinet on Wednesday approved 100 per cent FDI in coal mining and contract manufacturing through automatic route.