economy
February 5, 2026
US-backed group seeks major stake in DR Congo mining sector
Glencore has announced a deal to sell a minority stake in its mining projects in the DR Congo to the Orion Critical Mineral Consortium
TL;DR
- Glencore agreed to sell a 40% stake in its DR Congo copper and cobalt operations.
- The buyer is the Orion Critical Mineral Consortium, backed by the US International Development Finance Corporation.
- The deal values the Mutanda Mining and Kamoto Copper Company assets at approximately $9bn.
- Glencore will retain operational control of the mines.
- The partnership aims to secure critical minerals for US supply chains and strengthen US-DR Congo economic ties.
- Glencore has faced past allegations concerning pollution and legal issues in the DR Congo.
Continue reading the original article