AVZ Discussion 2022
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Exclusive-US pushes Congo, Rwanda for peace accord and billion-dollar mineral deals
Story by Andrew Mills
• 24m
DOHA, May 1 (Reuters) - The U.S. is pushing Congo and Rwanda to sign a peace accord at the White House in about two months, accompanied by bilateral mineral deals that would bring billions of dollars of Western investment to the region, President Donald Trump's senior advisor for Africa told Reuters on Thursday.
- Summary
- U.S. pushes Congo, Rwanda for peace accord, mineral deals
- Rwanda-backed M23 rebels advance in Congo amid conflict
- U.S. demands Rwanda withdraw troops, end M23 support
"When we sign the peace agreement ... the minerals deal with the DRC (Democratic Republic of Congo) will be signed on that day, and then a similar package, but of a different size, will be signed on that day with Rwanda," Massad Boulos said in an interview in the Qatari capital, Doha.
A U.S.-backed peace accord would come amid an unprecedented advance by Rwandan-backed M23 rebels in Congo, the latest cycle of violence in a decades-long conflict, in a region rich in minerals including tantalum and gold. Rwanda denies backing the group.
Rwanda and Congo are expected to submit separate drafts of a peace agreement on Friday, according to a peace process agreed in Washington last week as part of diplomatic efforts to end violence in eastern Congo.
The Congolese government did not immediately respond to Reuters' request for comment.
In mid-May U.S. Secretary of State Marco Rubio will meet in Washington with the Rwandan and Congolese foreign ministers in an effort to agree on a final draft peace accord, Boulos said.
But before that accord can be signed, Boulos said, Rwanda and Congo must finalise bilateral economic agreements with Washington that will see U.S. and Western companies invest billions of dollars in Congolese mines and infrastructure projects to support mining in both countries including the processing of minerals in Rwanda.
"The (agreement) with the D.R.C. is at a much bigger scale, because it's a much bigger country and it has much more resources, but Rwanda also has a lot of resources and capacities and potential in the area of mining as well ... not just the upstream, but also midstream and downstream to processing and refining and trading," Boulos said.
Boulos said U.S. and Western companies have told Washington they would make multi-billon dollar investments in the region once the bilateral minerals deals are signed.
Boulos also said before the White House signing ceremony can go ahead, Washington expects both countries to address a number of security concerns. For example, Rwanda must pull its troops out of Congo and end its support for M23 rebels. Congo must address Rwanda's security concerns with militias such as the Democratic Forces for the Liberation of Rwanda (FDLR).
Boulos said that on Wednesday a follow-up committee was appointed to monitor both countries' progress towards the peace deal, which includes the U.S., Qatar, France and Togo, which is representing the African Union.
1. DRC and Rwanda to sign a peace accord in about 2 months.
2. US to sign a bilateral minerals deal with DRC on the same day the peace accord is signed.
3. US to sign a bilateral minerals deal with Rwanda on the same day the peace accord is signed.
4. Subsequently, US and Western companies will invest billions in mines and infrastructure projects.
In summary, probably 2 months for the first stage, then 2 to 3 more months before Kobold and Rio buy AVZ. Hence, if say 6 months in total, then we are looking at the end of October 2025.
But this is far too long for my nerves.
Plus the court case starts on 2-Jun-2025.
I thought that 'they' and 'everybody' would want to tidy everything up by buying AVZ before the court case starts.
Mute22
Regular
Wait, what is happening in Washington today then, with a target date of May 2nd, further talks?
The MoU (lol) has already been signed.
EDIT: It's probably finalising this agreement, rather than the full peace/minerals accord:
But before that accord can be signed, Boulos said, Rwanda and Congo must finalise bilateral economic agreements with Washington that will see U.S. and Western companies invest billions of dollars in Congolese mines and infrastructure projects to support mining in both countries including the processing of minerals in Rwanda.
"The (agreement) with the D.R.C. is at a much bigger scale, because it's a much bigger country and it has much more resources, but Rwanda also has a lot of resources and capacities and potential in the area of mining as well ... not just the upstream, but also midstream and downstream to processing and refining and trading," Boulos said.
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Xerof
Is There Anybody Out There 1979
Yes, I'm wondering
Would appreciate an update from anyone who KNOWS what's happening with CATH (other than telling KIM to 'look at me, look at me')
Anyway, changed my Floyd song to reflect my current sentiment, not that that means jackshit
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JAG
Top 20
Agree 100%.
Why is Westwin Elements looking for its supplies outside the DRC?
Well, here's your answer:
Westwin Elements’ move to look beyond the DRC is directly linked to the array of difficulties in dealing with the country-namely, endemic corruption, neglected infrastructure, an unskilled workforce, security risks, and the need to diversify away from Chinese-dominated supply chains.
These factors collectively drive Western firms to seek more reliable, ethical, and cost-effective sources of critical minerals elsewhere.
Who would have thunk.
Cheers
F
Ahhh......
It's only the really old, rusted-on crew that get this one!
Love that!
Xerof
Is There Anybody Out There 1979
I’m suggesting “Get your filthy hands off my desert” Floyd 1983 be added to mixtapeAhhh......
It's only the really old, rusted-on crew that get this one!
Love that!
Samus
Top 20
You mean us poor unfortunate miserable bastards with the misfortune to be part of this godforsaken shitshow going back for many years!Ahhh......
It's only the really old, rusted-on crew that get this one!
Love that!
I'll leave the mixtape, take my money and never look back!
Xerof
Is There Anybody Out There 1979
Spikerama
Regular
A momentary pause for me before the cogs turned.
It's Friday, you're allowed to be a bit brain dead..
Woogr
Regular
That’s fucking gold mate, I’m sitting here crying! Thanks for that!
That's a slow burn. I read. Then scrolled. Then scrolled back to re-read. Burst out laughing
Same here!
A momentary pause for me before the cogs turned.
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