DRC signs major mining deal with U.S.-backed KoBold Metals
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Africanews
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The Democratic Republic of Congo has signed a framework agreement with American mining firm KoBold Metals to explore critical mineral resources. The signing took place Thursday in Kinshasa, in the presence of President Félix Tshisekedi.
Breakdown
- DRC signs a major mining agreement with US-based KoBold Metals. 7s
- KoBold Metals, backed by prominent US investors, commits over $1 billion to mineral exploration. 19s
- Initial focus will be on lithium extraction from the Man Ono deposit. 24s
- The deal includes a nationwide campaign to locate critical minerals for global markets. 30s
- Concerns persist about local community benefits and foreign exploitation. 41s