The Democratic Republic of Congo will receive $7 billion in financing through a revamped minerals-for-infrastructure contract with China, according to the mining company central to the agreement. The Democratic Republic of Congo’s state miner, Gecamines, will be entitled to a 1.2% royalty.Congo holds the title of the world’s largest producer of cobalt, a vital element in batteries for electric vehicles and mobile phones.The country also ranks as the third-largest global producer of copper, and its mining landscape is largely dominated by Chinese companies.Under the agreement, the Democratic Re…