United States hopes to get share of DR Congo copper production

In vast warehouses at the Kamoa copper mine in the south-eastern Democratic Republic of Congo, mountains of reddish rocks pile up as the machines grind away day and night.
The deposit, reputed to be the largest in Africa, is one of the Democratic Republic of Congo's hidden treasures - which are at the centre of a global race for critical minerals.
In the ultra-modern installations, thousands of workers churn out the red gold, coveted by international markets for its exceptionally high copper content.
“Kamoa at the moment is one of the largest copper mines in the world and growing to become the largest copper mine in Africa and probably the fourth largest in the world,” said its managing director Annebel Oosthuizen.
It is aiming to churn out half a million tonnes from 2028, she added, "right up there in terms of world capacity".
The copper produced at the mine is used in many products including electronic devices like smartphones and computers, as well as electrical wiring, motors, and generators.
The deposit is one of the Congo’s hidden treasures which are at the centre of a global race for critical minerals.
Kamoa’s ore is much sought after as it has a copper content four times higher than the global average.
The DRC is one of the biggest sources of critical metals indispensable to global industry, also producing more than half of the world’s supply of cobalt.
China has long been mining it. Now the United States is vying for a share in the Congo’s mineral wealth, seeking to challenge Beijing's hold on the strategic resources.
Copper and cobalt are essential for the manufacture of smartphones, computers, cars, and batteries. Copper conducts electricity, while cobalt allows that energy to be stored.
These minerals are also vital to aeronautics, defence, and renewable energy.
The United Nations Conference on Trade and Development said global demand for copper is expected to rise by more than 40 per cent by 2040, while demand for cobalt is set to quadruple by 2030.
Kamoa Copper S.A. is a joint venture owned in equal parts by Canada's Ivanhoe Mines, and China's Zijin Mining, with the Congolese state holding a 20 per cent minority stake.
China has invested massively in the country for nearly 20 years and is estimated to account for 70 per cent of mining activity, according to the Congolese chamber of mines.
But in December, Kinshasa accepted a strategic partnership agreement with Washington, part of a peace accord for the DRC which has been plagued by conflict for more than 30 years.
The accord has so far failed to end fighting in the east of the country but an initial list of 25 mining sites has been submitted to Washington for potential investment or exploitation licences.
In February, commodities giant Glencore signed a memorandum of understanding with the US-led Orion Critical Mineral Consortium to grant the latter a potential 40 per cent stake in the Swiss conglomerate's DRC mining assets.
"This will allow the United States to benefit from production coming out of the DRC through Glencore," Marie-Chantal Kaninda, president of Glencore DRC said.
The head of the state-owned General Cobalt Company, Eric Kalala, said the US–China rivalry in the global race for strategic minerals "is not our war".
General Cobalt holds a monopoly over the marketing of non-industrial cobalt production in the country.
Kalala said they were “working with everyone” and welcomed the fact that there was an appetite for investment in the DRC.
“We are making an effort to try to attract them,” he said, adding that the country was open to all investors “provided it is for the good of Congo and the benefit of the investors themselves".
The mining sector is the driving force behind the DRC’s economy accounting for about half of the country’s GDP estimated at $10.9 billion.
Related articles
DRC opposition leader Sesanga banned from leaving the country
From the same country
DRC's former leader Kabila is Rwandan 'proxy,' Tshisekedi tells lawmakers
Fear and misinformation hamper Ebola response in DR Congo
New Ebola vaccine trial begins in DR Congo amid outbreak
00:59
DRC opposition leader Sesanga banned from leaving the country
01:10
DRC's former leader Kabila is Rwandan 'proxy,' Tshisekedi tells lawmakers
02:01
Fear and misinformation hamper Ebola response in DR Congo
01:08
New Ebola vaccine trial begins in DR Congo amid outbreak
00:59
DRC opposition leader Sesanga banned from leaving the country
01:10
DRC's former leader Kabila is Rwandan 'proxy,' Tshisekedi tells lawmakers
02:01
Fear and misinformation hamper Ebola response in DR Congo
01:08
New Ebola vaccine trial begins in DR Congo amid outbreak
SPORT 00:59 Mbappe apologises for Mao Zedong comment after Chinese sponsors drop him
SPORT 02:11 Kylian Mbappé faces China backlash as major brands cut ties over Mao meme controversy
NO COMMENT
01:00
China: Panic as 7.0-magnitude earthquake rocks Tibet
NEWS
01:04
Gambia to compensate Jammeh victims with $2.5m from mansion sale
NEWS
01:08
US State Secretary calls for de-escalation by Ethiopia and Eritrea
NEWS 01:02 US issues new Iran-related sanctions against 16 individuals, 11 entities
00:54 Justice Judge throws out attempted murder case against Zimbabwe VP's ex-wife
01:49 Ousmane Sonko Senegal's finance committee to review revised budget key to IMF deal
00:50 Yemen Sana'a factory in flames as Houthis, government forces exchange strikes
Keywords
Related Stories
UN peacekeeping mission in Western Sahara ends after 35 years, UN chief says
Nov 1 (Reuters) - The 35-year-old UN peacekeeping mission in the Western Sahara region will come to an end after the Security Council failed to renew its mandate, the UN chief said on Sunday.
CONGRESS IN THE BALANCE: A blue tsunami, a tide, or chaos as usual — the US midterm election
With just hours to go before the American midterm election takes place, the day before South Africa’s own local election, control of both houses of the American Congress hangs in the balance.
DIVISIVE WORDS: ‘We never called for literal killing’ — Malema appeals for farm killings to stop.
EFF leader Julius Malema says the chant “Kill the boer, kill the farmer” was never meant literally and has appealed for farm killings to stop.
TRC ROULETTE : Victims’ families place key hidden evidence before Khampepe inquiry
A physical inspection of old lever arch files by the legal team representing the families of apartheid victims at the Khampepe Commission strengthens Anton Ackermann’s claim that a disputed 2006 memo was forged, reshaping the Khampepe inquiry into delayed apartheid prosecutions.
Top Stories
/file/attachments/2999/491624_315086.jpg)
UN peacekeeping mission in Western Sahara ends after 35 years, UN chief says

Week 8 overreactions: Time for Vikings to bench Kyler Murray? Colts should fire Steichen?

NFL Week 8 winners and losers: Cowboys suffer epic collapse, Joe Burrow delivers historic heroics

How Antonelli 'blew everyone away' to make Formula 1 history

Why is Ashton Jeanty not getting carries? Another Raider emerges as Vegas' top RB in Week 8

Russia and Ukraine accuse each other of hacking emergency alert apps

NFL Week 8 grades for every team: Cowboys get an 'F' for choking, Steelers surge to 'A+'

Ukraine air raid app apparently hacked as users receive false radiation threat, Air Force says
Latest
UN peacekeeping mission in Western Sahara ends after 35 years, UN chief says
Week 8 overreactions: Time for Vikings to bench Kyler Murray? Colts should fire Steichen?
NFL Week 8 winners and losers: Cowboys suffer epic collapse, Joe Burrow delivers historic heroics
How Antonelli 'blew everyone away' to make Formula 1 history
Why is Ashton Jeanty not getting carries? Another Raider emerges as Vegas' top RB in Week 8
Russia and Ukraine accuse each other of hacking emergency alert apps
NFL Week 8 grades for every team: Cowboys get an 'F' for choking, Steelers surge to 'A+'
Ukraine air raid app apparently hacked as users receive false radiation threat, Air Force says
/file/attachments/orphans/Brooks-midtermsNow-3_826202.jpg)
/file/attachments/orphans/EFFRally-Naledi8_736420.jpg)
/file/attachments/2990/Gemini_Generated_Image_dx2mz9dx2mz9dx2m1_483498.png)