Financial Times: US-backed group buys DR Congo copper-cobalt mine under minerals deal

Written By Justin Fortier

Financial Times: “American company Virtus Minerals is poised to buy Chemaf, a troubled miner in the Democratic Republic of Congo, marking the first commercial deal borne out of the growing minerals partnership between the US and the African nation.

A consortium led by Virtus will pay $30mn to acquire the company and will renegotiate its extensive debts.”

Read the full article here: https://www.ft.com/content/4a8efcb3-b8d2-439d-ba34-505698f69446?syn-25a6b1a6=1

Justin Fortier
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