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International relations

'Resource nationalism' clouds China's Africa ambitions

World's second-largest economy may find it harder to get what it needs to grow

Artisanal miners work at a copper-cobalt mine in the Democratic Republic of the Congo.   © Reuters

VIENNA/BEIJING -- Rising nationalism in African nations over control of resources is starting to overshadow the efforts of Chinese and other foreign companies to develop their operations on the continent.

Some countries are demanding that foreign companies involved in mining invest in local companies, and plan to increase taxes on such foreign enterprises. These countries aim to fill their coffers by reclaiming ownership of mining concessions, anticipating a recovery in global resources prices.

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