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US talks often with Congo’s Gecamines on cobalt and copper

US talks often with Congo’s Gecamines on cobalt and copper

THE United States speaks regularly with the Democratic Republic of Congo's state miner Gecamines, a senior State Department official told Reuters, as Washington seeks to deepen relationships with key suppliers of cobalt and copper across the African continent. WHY IT'S IMPORTANT Chinese aggressive investment across Congo, Zambia and elsewhere in Africa - which holds massive supplies of minerals used to make electric vehicles and other electronics - has for some time raised concern in Washington. Jose Fernandez, the U.S. State Department's under-secretary for economic growth, energy, and the environment, said in an interview this week that conversations with Gecamines centre…
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Congo’s Gecamines offers to buy some of Khazakh miner ERG’s copper assets

Congo’s Gecamines offers to buy some of Khazakh miner ERG’s copper assets

Congo state miner Gecamines said it has made a firm proposal to buy some of Eurasian Resources Group's copper and cobalt assets in the country in a bid to claw back projects owned by partners and build reserves in metals key to the green transition. The Democratic Republic of Congo's mining unit wants to buy three of the Khazakh miner's assets in the country and has funds to finance the purchase, Robert Lukama, the chairman of Gecamines told Reuters. Lukama declined to name the projects or mines Gecamines wants to buy but said the company is targeting three of ERG's…
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Changes at DRC state mining company

Changes at DRC state mining company

DEMOCRATIC Republic of Congo President Felix Tshisekedi has announced a high-level shake-up at state mining company Gecamines, replacing board chairman Albert Yuma, a close ally of Tshisekedi's predecessor. Albert Yuma. Picture: Wikimedia Commons After coming to power in 2019, Tshisekedi re-appointed Yuma but named his own loyalists to senior positions in a bid to assert more control over Gecamines, which has minority stakes in most of Congo's largest copper and cobalt projects. Under Yuma's leadership, the company faced repeated allegations from local and international watchdogs that its money was used to fund then-President Joseph Kabila's political interests. Yuma and Kabila…
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