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From the link

Minnon shows that China has been part of the solution, not of the problem. “China has responded to the DRC’s need to have partners who invest in industrialization,” she writes. Western colonists had bled Congo dry through onerous debt, leaving it “weighed down by a burden that prevented it from developing economically. In 2001 industrial production was at a standstill, mining sites deserted.”

When the DRC turned to the World Bank and IMF for help, they insisted on privatizing the mining sector, laying off thousands of mine workers. Hundreds of mines were sold with “dormant mining titles” to foreign companies – “not to produce but to resell them at the right time” for big profits.

The measures didn’t wipe out the mining industry, but they pushed thousands of laid-off mine workers and their families to fend for themselves as artisanal miners, and then sell the minerals to processing companies. That was the situation described in Cobalt Red.

China’s role has been to bring new, large-scale investment on a new basis: combined financing for industrial mining and public infrastructure – roads, railroads, dams, health and education facilities. The result was “After decades of almost non-existent industrial production, the country became and remains the world’s leading producer of cobalt and, by 2023, became the world’s third largest producer of copper.” The new deal “puts an end to the monopoly of certain Western countries and their large companies whose history shows that this exclusivity has not brought development to the country.”

The arrangement has dramatically reduced the role of artisanal mining. “Since the enormous increase in production in the mining sector in Congo, 80% of mining production is done industrially. Sicomines [China-Congolese Mining Co.] has built the most modern factory in the DRC for processing raw copper.” The same is true for cobalt, replacing artisanal mining with organized, industrial production. Industrial mining is a reversal of artisanal mining.

“Resource-for-Infrastructure (RFI) deals like this all over Africa have helped China foster strong relations with several countries,” writes Halim Nazar of India’s Institute for Chinese Studies .

Western competitors are not happy. “The IMF publicly criticized the DRC for taking on too much debt,” Nazar writes. But it has been a “debt-investment” based on real growth.