Here's a clean URL for the FT article, "US closes in on critical minerals deal with DR Congo":
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AVZ Discussion 2022
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Rechnerhand
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US closes in on critical minerals deal with DR Congo Trump’s Africa adviser agrees ‘path forward’ to drive American mining investment as Tshisekedi government seeks to shore up support Workers at the Tenke Fungurume copper and cobalt mine in DR Congo © Emmet Livingstone/AFP/Getty Images US closes in on critical minerals deal with DR Congo on x (opens in a new window) US closes in on critical minerals deal with DR Congo on facebook (opens in a new window) US closes in on critical minerals deal with DR Congo on linkedin (opens in a new window) Save current progress 0% William Wallis, Leslie Hook and Camilla Hodgson in London Published YESTERDAY 35 Print this page Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US is closing on a deal with the Democratic Republic of Congo that would see American companies take more control of critical mineral assets in return for greater backing for the embattled Kinshasa government. US President Donald Trump’s newly appointed Africa adviser Massad Boulos said he had seen the outlines of the deal and had agreed a “path forward” with DR Congo’s President Felix Tshisekedi. The agreement would foster “US private sector investment in the DR Congo, particularly in the mining sector”, Boulos added in a video statement released by the DR Congo government. Under the outlines of the agreement, the US International Development Finance Corporation would underwrite some of the US investments in the central African nation, said Joseph Szlavik, a Washington-based lobbyist who is advising the Congolese government. The companies that would be drawn in under the new framework are not exclusively American, but US businesses would begin investing in DR Congo’s lithium and the agreement would go some way towards countering Chinese dominance of the country’s abundant copper and cobalt resources. The Bill Gates-backed mining and artificial intelligence start-up KoBold Metals is among those eyeing the huge but legally disputed Manono lithium deposit. Other companies considering involvement are US-based Orion Resource Partners, US-Canadian mining investor Robert Friedland, British-Australian miner Rio Tinto and Saudi Arabia’s United Mining, said people familiar with the talks. KoBold, Orion and Rio Tinto declined to comment. Friedland and United did not respond to requests for comment. Other assets under discussion include the copper and cobalt assets controlled by Dubai-based Chemaf, a company backed by Singapore’s Trafigura. Chemaf has been up for sale since 2023 and is looking for a new buyer after a sale to China’s Norinco fell through due to opposition from Congo’s Gécamines. Chemaf declined to comment. The White House did not immediately respond to a request for comment. Newly appointed Africa adviser Massad Boulos, left, with Donald Trump © Julia Demaree Nikhinson/AP DR Congo, which has vast supplies of copper, cobalt, coltan, tin and uranium, first approached the US in February with a proposal offering mining rights in exchange for support for the government, according to public documents. The proposal comes at a time when Washington is pushing for an expanded minerals deal in Ukraine. But it remains unclear in DR Congo’s case what US involvement in reinforcing security would look like. The security landscape in DR Congo is vastly different to Ukraine’s, as in addition to direct conflict with the Rwandan-backed M23 rebels, there are more than 140 armed groups active in the east of Congo. Nevertheless, Congolese officials hope to use the deal to shore up backing for Tshisekedi as he struggles to contain the M23 uprising. The rebels have captured swaths of mineral rich territory and eastern DR Congo’s two largest cities, Goma and Bukavu. Before leaving Kinshasa on Friday for talks over the weekend with Kenyan President William Ruto, Uganda’s Yoweri Museveni and Rwanda’s Paul Kagame, Boulos said: “We seek a lasting peace that affirms the territorial integrity and sovereignty of the DR Congo and lays the foundations for a thriving regional economy.” Szlavik, who was speaking from Kinshasa, said the US had already helped broker an agreement that led to Rwandan-backed insurgents withdrawing from an area near the Alphamin Resources’ tin mine in eastern Congo. Alphamin is majority-owned by US-based Denham Capital. The mine and surrounding area contributed nearly 10 per cent of global tin production last year and its capture led to a rise in tin prices and a drop in Alphamin’s share price. In return for withdrawing, the DR Congo government agreed to halt drone attacks on rebels in the area. Alphamin declined to comment. Rwanda denies UN and western government reports that it is backing and arming the M23 rebels in part to exploit the abundance of minerals in DR Congo. But Szlavik said Washington was under no illusions about Rwandan involvement. The DR Congo minerals deal talks and the involvement of Boulos — whose son Michael is married to Trump’s daughter Tiffany — in negotiations would send a strong signal to regional governments about how seriously the US takes Congolese sovereignty. “If you lie, you are talking to the big man’s . . . in-law. The president of the US will finally hear directly about what is going on. It is an opportunity to get some chaos organised,” said Szlavik. He added that there was already a huge amount of informal trade, including minerals smuggling, taking place on DR Congo’s eastern borders, with armed groups exploiting the instability for profit. “The US is saying why don’t we build roads instead of buying arms and make a regional plan of how everyone can do business,” said Szlavik. This could involve the creation of an industrial zone in Congo that would export processed metals via its neighbours, said others in Washington familiar with the talks. But in comparison with the minerals deal the US is pushing for with Ukraine, the DR Congo one remains sketchy, said some Washington-based Africa experts. Boulos’s meetings with Museveni in Uganda and Kagame in Rwanda in the coming days are key barriers as, given their military strength on DR Congo’s borders and their involvement with proxies, both leaders’ tacit support is critical to any deal working out. Additional reporting by James Politi in Washington
"The Bill Gates-backed mining and artificial intelligence start-up KoBold Metals is among those eyeing the huge but legally disputed Manono lithium deposit. Other companies considering involvement are US-based Orion Resource Partners, US-Canadian mining investor Robert Friedland, British-Australian miner Rio Tinto and Saudi Arabia’s United Mining, said people familiar with the talks."
So far those who want our turf are:
CATH
Kobold
Zijin
Rio Tinto
Suadi's United Mining
Orion Resource Partners
Robert Friedland (Ivanhoe Mines already in the DRC)
oh and Cong, Celeste, Fat arses and poor 'ol Klaus, who'd I miss?
Bring on the bids already, for $12 all court cases disappear into thin air
So far those who want our turf are:
CATH
Kobold
Zijin
Rio Tinto
Suadi's United Mining
Orion Resource Partners
Robert Friedland (Ivanhoe Mines already in the DRC)
oh and Cong, Celeste, Fat arses and poor 'ol Klaus, who'd I miss?
Bring on the bids already, for $12 all court cases disappear into thin air
Last edited:
j19
Member
View attachment 81614
Who was it that said I was blowing it out saying the mine's overall value was around $300B? My bad, I was well underneath the $840B mark. Yes, that's total revenue, of which we deserve to be partially compensated for loss of future earnings in any buyout
Probably anyone with a brain
When the revenue figure of $840b (or $300b for that matter) in your post was SO far away from anyone else's expectation, was there ever a point in the thought process where you went...hang on...there might be a fundamental error in the methodology/calculation here?
Retrobyte
Hates a beer
Dude, every post of yours has a veiled reference to anti-semitic stuff or what the West has done to the Muslims. Just stick to discussing AVZ please. It's not that fucking hard.
Retrobyte
Hates a beer
The Saudis have arrived. Bring it on!
Mute22
Regular
If you want to post like it's Hotcrapper, just go over there.
Leave your racial hang-ups at the door and discuss the stock.
lololol, says one of the many who'll post or laugh at anti Congo or anti chinese shit daily, come on man, you're talking to me, ive been here since get go, cut the shizen, half the forums posts would be removed if the majority here were Chinese or African
ppl so edgy in here always, big bullies, will report any post after wanting to throw their own shit and cop nothing on the chin back, its a forum, calm down, let ppl post their opinions if they are somewhat related to the discussion at hand
Ppl need to lighten up, most report posts just because they dont agree with them, its sad
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Mute22
Regular
BRICK
Where’s Zeebot 😶🌫️
American security
Aussie miners
Saudi cash.
Sounds like a wining combination
oh and I guess Kobold have something to offer, maybe? Or just more cash
Rechnerhand
Regular
These are just my 2 cents ... no value out of my mouth ...
At least 4 names are now known for who are trying to particpate in the Manono-jungle ... alongside official U.S. representatives aka U.S. government.
In parallel the ongoing disputes which makes it obvious in which direction the outcome will be.
In case the "Fantastic 4" are forced to speed up the discussion with DRC officials as they are in turn and a hurry to state their confidence about the M23 movements then I guess we're talking about an involvement for the RD-asset. (Keep in mind that the U.S. already helped the DRC in regards to M23 and the Alphamin Ressource in the north ... )
Everything AVZ can resist and proceed in their ICSID case will help them and the "Fantastic 4" to exceed the upcoming project when their asset is being reassigned to the origin 13359 area.
This is my view to the area where the fruits are in the ground.
Then and in parallel ... DRC stopped to sell raw material as wanted more of the fruits locally which means for our "Fantastic 4" that they have at least 2 options ...
1. Pressure for DRC is that high they will give the "Fantastic 4" a special permit to deliver raw material to e.g. the U.S. for further added value making which helps for sure Mr. MAGA. On the other side DRC is aware of this win-win situation and will get from my perspective a higher value in military support and/or in infrastructure. That is in so called short term (before ICSID decision) and finally only for RD area.
2. In the 2nd scenario, the raw material must remain in the country and be processed, which means that our “Fantastic 4” will have to think about the corresponding infrastructure on site in the medium term (without ICSID and only RD), which in my view would help the DRC much more. However, if the pressure of securing material is the main focus for Mr. MAGA, then that would also be a conceivable scenario.
Why to mention this?
This leads to the final questions to the “Fantastic 4”
- how to bring (processed/raw) material to port?
- How to get access to adequate energy?
These 2 questions are just present in my head as the group size just makes sense when there're more then just digging acctivities which are pretty easy to handle as being on surface.
So, my thinking as these "Fantastic 4” represents a kind of Dathcom 2.0 that some will focus on the energy topic, one to the transport and others to the processing/raw material ... and do not forget the Tin!
And everything above will getting even more interesting when ICSID case is closed before (hand over ML to Dathcom) or has a final outcome in favour of AVZ.
This is just my thinking ... which changes from time to time and represents a snapshot.
At least 4 names are now known for who are trying to particpate in the Manono-jungle ... alongside official U.S. representatives aka U.S. government.
In parallel the ongoing disputes which makes it obvious in which direction the outcome will be.
In case the "Fantastic 4" are forced to speed up the discussion with DRC officials as they are in turn and a hurry to state their confidence about the M23 movements then I guess we're talking about an involvement for the RD-asset. (Keep in mind that the U.S. already helped the DRC in regards to M23 and the Alphamin Ressource in the north ... )
Everything AVZ can resist and proceed in their ICSID case will help them and the "Fantastic 4" to exceed the upcoming project when their asset is being reassigned to the origin 13359 area.
This is my view to the area where the fruits are in the ground.
Then and in parallel ... DRC stopped to sell raw material as wanted more of the fruits locally which means for our "Fantastic 4" that they have at least 2 options ...
1. Pressure for DRC is that high they will give the "Fantastic 4" a special permit to deliver raw material to e.g. the U.S. for further added value making which helps for sure Mr. MAGA. On the other side DRC is aware of this win-win situation and will get from my perspective a higher value in military support and/or in infrastructure. That is in so called short term (before ICSID decision) and finally only for RD area.
2. In the 2nd scenario, the raw material must remain in the country and be processed, which means that our “Fantastic 4” will have to think about the corresponding infrastructure on site in the medium term (without ICSID and only RD), which in my view would help the DRC much more. However, if the pressure of securing material is the main focus for Mr. MAGA, then that would also be a conceivable scenario.
Why to mention this?
This leads to the final questions to the “Fantastic 4”
- how to bring (processed/raw) material to port?
- How to get access to adequate energy?
These 2 questions are just present in my head as the group size just makes sense when there're more then just digging acctivities which are pretty easy to handle as being on surface.
So, my thinking as these "Fantastic 4” represents a kind of Dathcom 2.0 that some will focus on the energy topic, one to the transport and others to the processing/raw material ... and do not forget the Tin!
And everything above will getting even more interesting when ICSID case is closed before (hand over ML to Dathcom) or has a final outcome in favour of AVZ.
This is just my thinking ... which changes from time to time and represents a snapshot.
Carlos Danger
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