DRC: In the DRC, a US Company Secures a 'Huge' Deal by Acquiring Copper and Cobalt Mines

Apr 4, 2026 | Morgane Le Cam
Le Monde
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Washington has finally prevailed in a contest with Beijing that lasted more than two years. According to a report published by The Wall Street Journal on Tuesday, March 31, US-based Virtus Minerals has just finalized the purchase of the assets of Congolese company Chemaf, including the Etoile and Mutoshi mines in Katanga, southern Democratic Republic of Congo (DRC), which together account for roughly 5% of global cobalt production.