DRC: Korea seeks $1 bn DRC mining-for-infrastructure deal

A consortium of South Korean companies will seek a minerals-for-infrastructure deal in Democratic Republic of Congo that could be worth $1 billion, Congolese and South Korean officials told Reuters. The proposed deal - involving refurbishment of a copper mine and construction of an Atlantic deepwater port - would bolster South Korea's bid to secure long-term access to metals while speeding Congo's development, South Korean ambassador to Congo Kim Sung-chul said.