US EditionCongo-Kinshasa: U.S. Government-Backed Consortium Signs MOU to Buy 40% of Two DR Congo Mines
Orion Critical Mineral Consortium aims to secure critical copper and cobalt supplies through a $9 billion deal, enhancing U.S.-DRC economic ties and regional stability.
4 Articles
4 Articles
Congo-Kinshasa: U.S. Government-Backed Consortium Signs MOU to Buy 40% of Two DR Congo Mines
The Orion Critical Mineral Consortium (Orion CMC), led by the private equity fund created in October by Orion Resource Partners and the U.S. International Development Finance Corporation (DFC), is planning to acquire a 40% stake in two mining ventures in the Democratic Republic of the Congo, according to a statement released Tuesday. The U.S. government investment in Orion CMC is "aimed at strengthening bilateral ties and securing critical miner…
PR Newswire
Laotian TimesProposed acquisition by US-backed Orion Critical Mineral Consortium of a strategic stake in Glencore's DRC assets
/PRNewswire/ -- Glencore and the Orion Critical Mineral Consortium ("Orion CMC") announce that they have entered into a non-binding Memorandum of Understanding...
Faced with the cobalt export quotas introduced by the Democratic Republic of the Congo, Glencore is adapting its industrial and commercial strategy. Between stock management, copper arbitration and the anticipation of a possible rebalancing of the market after 2027, the future of Congolese cobalt remains marked by immediate tensions and structural uncertainties.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
