Special Forces Veterans Lead US Bid to Buy Congo Cobalt Miner

Special Forces Veterans Lead US Bid to Buy Congo Cobalt Miner

A US consortium involving ex-special forces personnel is seeking to acquire Chemaf Resources Ltd., a copper and cobalt producer that has become a symbol of the growing competition for mineral deals between the US and China in the Democratic Republic of Congo.

China Starts Copper Rush in Africa; US Moves Forward With Its Own Ambitions

JOHANNESBURG—China is spending billions of dollars buying copper and rights to mine and process the metal—one of the world’s most important critical minerals—especially in Africa, where it has a strong presence. Beijing is making these moves, say mining experts, as part of its preparation for more direct competition for Africa’s minerals from the United States. U.S. President Donald Trump’s latest action, a 50 percent tariff on copper imports se…

American Company Signs DR Congo Mining Deal

The Democratic Republic of Congo (DRC) has signed a mining exploration agreement with KoBold Metals, a company based in the United States, marking a vital collaboration aimed at enhancing American investment in the DRC’s critical mineral sector. The preliminary agreement was formalised on Thursday in Kinshasa, with President Félix Tshisekedi of the DRC present. This development follows closely on the heels of a peace accord facilitated by Washin…

US consortium eyes Congo copper firm acquisition

A US investment group featuring ex-military personnel is working to buy Chemaf Resources, a mining firm in the Democratic Republic of Congo that has emerged as a key battleground in US-China rivalry over African mineral resources, according to a report by Bloomberg News on Thursday. Orion Resource Partners and Virtus Minerals are in talks to purchase the copper and cobalt producer, which has backing from commodity trader Trafigura, said the news…

Copper Market: China Doubles Down in Africa & India Moves In

Both China and India are now jostling for exploration and mining rights across the African continent. Over the last decade, China has rapidly expanded its presence in Africa’s growing copper market, securing critical mineral supplies to fuel its green energy ambitions. With copper demand surging globally due to the growth of electric vehicles, renewable energy, […]

Microbes could save U.S. solar from copper price shocks

A Colorado start-up uses specialized microbes and cloud-based optimization to recover copper from low-grade ores.A 50% import tariff on copper is set to go into effect on August 1, leaving many clean energy manufacturers wary of rising costs and critical mineral scarcity. A Colorado start-up may have found a way to quell the tide. Endolith Mining, an AI-powered biotech platform, uses custom microbes to increase copper and lithium recovery rates …