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Congo eyes US minerals deal by end of June, FT reports
- The Democratic Republic of Congo aims to conclude an investment agreement involving minerals with the United States by the end of June 2025 to strengthen its strategic resource industry.
- This effort arises from Congo's aim to diversify partnerships and reduce dependence on China amid complicated negotiations and ongoing conflict with Rwanda-backed M23 rebels in the east.
- Key aspects of the deal include improving mineral governance, attracting Western capital, and linking progress to a peace agreement addressing mineral smuggling and rebel withdrawal.
- Mines Minister Kizito Pakabomba stated the agreement would help diversify partnerships and reduce reliance on China, while tens of millions of dollars of minerals are reportedly smuggled into Rwanda monthly.
- If concluded, the deal could strengthen Congo’s economic independence, support peace efforts in conflict zones, and enable U.S. firms like KoBold Metals to invest in critical minerals such as lithium, cobalt, and coltan.
24 Articles
24 Articles
DR Congo To Finalize Minerals Deal With Washington in June DR Congo To Finalize Minerals Deal With Washington in June
The Democratic Republic of Congo (DRC) is preparing to finalize a minerals deal with the United States by the end of June. The initiative could combine a U.S.-backed peace agreement with Rwanda with expanded access for American companies to Congo's vast deposits of lithium, cobalt, and coltan—materials crucial to global technology and energy sectors. According to the Financial Times (FT), two sources close to the negotiations indicated that an i…
Cobalt Crossroads: Why Indonesia Still Trails Behind the DRC in the Tech Supply Race?
The Democratic Republic of Congo (DRC) is widely recognized as the world’s largest producer of cobalt, accounting for around 70% of total global output. Numerous foreign mining companies operate in the DRC, employing local miners and simultaneously contributing to the country’s foreign exchange earnings. However, the country’s mining practices face significant challenges in meeting Environmental, […] The post Cobalt Crossroads: Why Indonesia Sti…
NEW: Trump Closes In On Another Multi-Billion-Dollar Minerals Deal
Officials from the Democratic Republic of Congo are “optimistic” they can reach a deal with the Trump Administration next month to secure U.S. investment in critical minerals. The resource-rich nation has been asking Washington for help in ending a border conflict with neighboring Rwanda in the country’s east and has been negotiating for several weeks. The Democratic Republic of Congo is considered to be among the richest nations in the world in…
Congo eyes US minerals deal by end of June, FT reports
Officials from the Democratic Republic of Congo are optimistic they can reach a deal with Washington next month to secure U.S investment in critical minerals alongside support to end a Rwandan-backed rebellion in the country's east, the Financial Times reported on Sunday.
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