• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, July 4, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

US Eyes Multibillion-Dollar Mining Deal With Congo

April 4, 2025
Lawrence Ankutseby Lawrence Ankutse
in Africa
0
US Eyes Multibillion-Dollar Mining Deal With Congo

Congo has expressed openness to collaborating with the US on mineral development

The United States is in discussions with the Democratic Republic of Congo (DRC) to develop its vast mineral resources, an initiative that Congolese President Felix Tshisekedi believes could enhance security in the conflict-ridden nation.

Massad Boulos, the Trump administration’s senior adviser for Africa, confirmed on Thursday that negotiations are ongoing. While he did not disclose specific details, he acknowledged that the deal could lead to “multibillion-dollar investments.”

“You have heard about a minerals agreement. We have reviewed. I am pleased to announce that the president and I have agreed on a path forward for its development.”

Massad Boulos

The DRC is the world’s largest producer of cobalt, a crucial component in lithium-ion batteries used in electric vehicles and smartphones. The country also possesses abundant gold, diamonds, and copper reserves. 

RelatedPosts

Peace Talks Resume In Congo Conflict

UN Report Links Rwanda To M23 Presence

Tanzania’s Prime Minister Majaliwa Steps Down

US Eyes Multibillion-Dollar Mining Deal With Congo
Massad Boulos

Tshisekedi has expressed openness to collaborating with the US on mineral development, particularly if American involvement can help stabilize the country and suppress insurgencies.

“I think that the US is able to use either pressure or sanctions to make sure that armed groups … can be kept at bay.” 

President Felix Tshisekedi

For decades, eastern Congo has been embroiled in turmoil, with over 100 armed factions battling for territorial control in the mineral-rich region near the Rwandan border. This prolonged instability has resulted in one of the world’s worst humanitarian crises, with more than seven million people displaced. Already, over 100,000 people have been forced from their homes this year alone.

The M23 rebel group, widely regarded as the most powerful armed faction in the region and allegedly backed by Rwanda, has intensified its operations since January. The rebels have seized the major cities of Goma and Bukavu, along with several key towns, sparking concerns about a broader regional conflict.

On Thursday, M23 withdrew from Walikale, a critical mining hub in eastern Congo that it had captured the previous month. The withdrawal followed weeks of intense clashes with Congolese forces and the Wazalendo militia, an armed civilian group.

M23 spokesperson Lawrence Kanyuka stated that the group had decided to “reposition its forces” following a unilateral ceasefire declared in February. However, national deputy Willy Mishiki, representing Walikale, claimed the rebels retreated due to mounting pressure from Wazalendo forces. Meanwhile, local resident Faustin Kamala noted that the rebels’ current whereabouts remain uncertain.

Walikale is a key mining center, home to Congo’s largest tin deposits and several significant gold mines. The Bisie tin mine, situated around 60 kilometers (35 miles) northwest of Walikale, accounts for the bulk of tin exports from North Kivu province.

Humanitarian Crisis Deepens

The UN Office for the Coordination of Humanitarian Affairs (OCHA) has raised alarms over escalating violence in North and South Kivu provinces, warning of rising casualties and mass displacements.

On Thursday, intense clashes between local militias and M23 fighters erupted in Masisi Centre, North Kivu. Preliminary reports indicate at least two civilian deaths, numerous injuries, and multiple evacuations to Masisi General Hospital. 

Many residents remain confined to their homes as the conflict intensifies, limiting their access to essential services and supplies. “The volatility of frontlines and ongoing combat have rendered comprehensive assessments impossible,” OCHA stated.

Despite international mediation efforts, armed groups continue to expand their control. The M23 faction, claiming to protect the interests of Congolese Tutsi communities — many of whom fled to Rwanda — has gained significant ground. Additionally, the extremist Allied Democratic Forces (ADF) remain active, further destabilizing the region.

As US-Congo negotiations progress, analysts say the outcome could reshape the country’s economic and security landscape. However, with armed groups entrenched in mineral-rich territories, the success of any investment will depend on sustained efforts to stabilize the region.

READ ALSO: Government Debunks Alleged Drug Trafficking Flights at KIA

Tags: cobalt mining CongoDRC mineral resourceshumanitarian crisis AfricaM23 Rebel GroupUS-Congo mining deal
Please login to join discussion
Previous Post

Swift Action Needed to Avert Ghana’s Power Crisis  

Next Post

EU Urged Not To Overlook Human Rights At First Central Asia Summit

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

HE President John Dramani Mahama
General News

Mahama Launches “No Fee Stress” Policy to Expand Access to Tertiary Education

July 4, 2025
Corbyn And Sultana Plan New Left Party
UK

Corbyn And Sultana Plan New Left Party

July 4, 2025
Ukrainian President, Volodymyr Zelenskyy and US President, Donald Trump have a heated exchange.
Europe

Trump, Zelenskyy Agree To Strengthen Ukraine’s Air Defences

July 4, 2025
President John Mahama on peace after election
General News

Mahama Calls for Action on Peace Amid Ghana’s Global Decline 

July 4, 2025
Association of Ghana Industries (AGI), Seth Twum-Akwaboah
Vaultz Business

Business and Investor Confidence Rebounding in Ghana – AGI

July 4, 2025
Thomas Partey
Sports

Thomas Partey Charged With Rape

July 4, 2025
HE President John Dramani Mahama
General News

Mahama Launches “No Fee Stress” Policy to Expand Access to Tertiary Education

by Evans Junior OwuJuly 4, 2025
Corbyn And Sultana Plan New Left Party
UK

Corbyn And Sultana Plan New Left Party

by Lawrence AnkutseJuly 4, 2025
Ukrainian President, Volodymyr Zelenskyy and US President, Donald Trump have a heated exchange.
Europe

Trump, Zelenskyy Agree To Strengthen Ukraine’s Air Defences

by Comfort AmpomaaJuly 4, 2025
President John Mahama on peace after election
General News

Mahama Calls for Action on Peace Amid Ghana’s Global Decline 

by Lilian AhedorJuly 4, 2025
Association of Ghana Industries (AGI), Seth Twum-Akwaboah
Vaultz Business

Business and Investor Confidence Rebounding in Ghana – AGI

by Stephen M.CJuly 4, 2025
Thomas Partey
Sports

Thomas Partey Charged With Rape

by Evans Junior OwuJuly 4, 2025
HE President John Dramani Mahama
Corbyn And Sultana Plan New Left Party
Ukrainian President, Volodymyr Zelenskyy and US President, Donald Trump have a heated exchange.
President John Mahama on peace after election
Association of Ghana Industries (AGI), Seth Twum-Akwaboah
Thomas Partey
[/vc_row_inner]

Recent News

  • Mahama Launches “No Fee Stress” Policy to Expand Access to Tertiary Education
  • Corbyn And Sultana Plan New Left Party
  • Trump, Zelenskyy Agree To Strengthen Ukraine’s Air Defences
  • Mahama Calls for Action on Peace Amid Ghana’s Global Decline 
  • Business and Investor Confidence Rebounding in Ghana – AGI
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.