CATL Becomes Pilbara’s Largest Shareholder, Expanding China’s Global Lithium Footprint

On September 4, it was reported that Chinese battery manufacturer, Contemporary Amperex Technology (CATL), will become the largest shareholder in Australia’s Pilbara Minerals by acquiring an 8.5% stake for $37 million.  The stake is relatively underpriced, as falling lithium prices reportedly led Pilbara to seek equity to raise working capital.  The deal represents CATL’s first publicly-reported investment in lithium mining ...

Huawei, Sierra Leone Deepen Partnership; Exim Bank to Fund Phase 2 of National Fiber Optic Backbone Project

On September 2, Sierra Leone Cable Network signed a $30 million loan agreement with the Export-Import Bank of China to finance the construction by Huawei of the second phase of its national fiber-optic backbone project.  Once complete, the project will allow for telecommunications operators to offer 3G and 4G services.  The first phase of the fiber optic backbone project was also implemented by Huawei, reportedly as part of a ...

Growing Concern about Zimbabwe Dam Displacing Local Communities

On September 2, it was reported that local communities surrounding the Gwayi-Shangani Dam in Zimbabwe will be forced to relocate due to increased risk of flooding during the rainy season.  Zimbabwean authorities have so far failed to deliver on a promise of providing either land or money as compensation for those forced to relocate. The project, contracted to China International Water and Electric Corporation since 2004, has faced a ...