The Democratic Republic of Congo has agreed to give US buyers preferential treatment for minerals sold by its state-owned mining companies, just one day after Washington brokered a fragile peace treaty between the country and neighbouring Rwanda.
The US government and Swiss trader Mercuria on Friday each announced up to $1bn in fresh funding for minerals ventures in the DR Congo, the world’s biggest producer of cobalt and second-biggest producer of copper.
Washington and Kinshasa signed an extensive critical minerals, economic and security agreement on the heels of Thursday’s treaty, which paves the way for greater US access to the DR Congo’s wealth of minerals.
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