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Africa's Lobito Corridor Chief Tells AFP Business, Not Geopolitics ...
Nicholas Fournier said LAR is focused on freight demand and scaling the line, with copper making up about 95% of DRC cargo.
- Lobito Atlantic Railway CEO Nicholas Fournier told AFP his priority is business operations, not geopolitics, stating, "They are in the Americas, in Europe or in Asia. So we are totally apolitical."
- Backed by more than $2.7 billion in pledged investment, the corridor links Angola and the Democratic Republic of Congo to move copper and cobalt, with LAR holding a 30-year concession to operate the line.
- Managing disruption from severe flooding in Benguela province 10 days earlier, LAR implemented "Plan B"—a 350-kilometre road haul—while continuing to move copper and sulphur for miners.
- While the European Union explores road upgrades in Zambia, the United States remains less involved following administration changes; China signed a $1.4-billion agreement to rehabilitate the Tazara railway with Tanzania.
- European Union ambassador to Angola Rosario Bento Pais said the project aims to "embrace all the development of the local economy," though critics warn it must deliver tangible gains to avoid becoming another chapter in the "global scramble for Africa's critical minerals.
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Lobito Corridor: Africa's mega-project facing delivery test
The Lobito Corridor mega-project linking three African countries is shifting from blueprint to proving ground in the global race for critical minerals.
·Cherokee County, United States
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Africa's Lobito Corridor chief tells AFP business, not geopolitics, drives strategy
The chief executive of the Lobito Atlantic Railway (LAR) project to link southern African mines to an Angolan export port says his priority is the business of the operation, not the geopolitical tussle over Africa's minerals.
·Pennsylvania, United States
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Total News Sources30
Leaning Left2Leaning Right4Center11Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
12%
C 65%
R 23%
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