China, US in battle for Congo minerals as bid to end war gains momentum
Sunday, July 27, 2025ONE WOULD ASSUME its like AVZ might be on the outside looking IN....IMO...OMG
AVZ Discussion 2022
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ONE WOULD ASSUME its like AVZ might be on the outside looking IN....IMO...OMG
How to DM Winenut when his profile is locked ??
UglyFace
Emerged
Is this fuck stain retarded..? Take your small rice dick and fuck off clown!
Just ignore him and he is gone
Xerof
Flaming 1967
Don’t post on profiles, use the envelope at top RHS to start a conversation with him
Aaaaand IGNORE.
Cheers Xerof
Chancen1904
Emerged
Bergbaugeschäfte in der DR Kongo: Das Lithium-Phantom
Viele verdienen am Lithium von Manono, ohne dass gefördert wird – jetzt wollen die USA einsteigen. Eine Recherche über Profiteure in der DR Kongo.
What a load of German Horse Shit .New German article in AVZ, Eckhof, Cong, Mupande etcBergbaugeschäfte in der DR Kongo: Das Lithium-Phantom
Viele verdienen am Lithium von Manono, ohne dass gefördert wird – jetzt wollen die USA einsteigen. Eine Recherche über Profiteure in der DR Kongo.taz.de
and all my lithium shares got hit today go work that out
Mute22
Regular
Full gated Times article:
KoBold Metals, backed by Bill Gates and Jeff Bezos, faces the challenge of operating in a fraught sector
Jane Flanagan
, Africa Correspondent
Sunday July 27 2025, 9.37pm, The Times
Acompany backed by the billionaires Bill Gates and Jeff Bezos is to challenge China in the global race for the minerals that power modern technology.
KoBold Metals is to begin mining in the Democratic Republic of Congo, which is estimated by the US to have up to $24 trillion of largely untapped resources.
The firm has secured rights to mine one of the world’s largest hard-rock lithium deposits, in a region that has been fought over for decades. The venture will be a test of President Trump’s pro-business foreign policy and his pledge to restore peace to an area overrun with militia and troops from Congo’s neighbours. A Rwanda-backed rebel group has seized a swathe of land there, including its biggest cities, displacing hundreds of thousands of people.
A peace deal signed in Washington last month between the DRC and Rwanda to end the fighting was hailed as historic by Trump. Questions remain about its details, however, including the nature of any US security guarantees and which side will benefit most from US business investment.
Despite its immense supplies of copper, cobalt, coltan, tin and uranium, the DRC is among the five poorest countries in the world. For years, US firms considered the challenges of operating in such an unstable and corrupt country too great, which has enabled Chinese firms to get ahead.
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However, Trump’s new focus appears to have provided enough confidence for KoBold Metals to agree a “large-scale minerals exploration programme” over 1,600 sq km in the DRC’s most volatile region.
Benjamin Katabuka, its director-general in the country, told the Financial Times that the firm was “looking to go big in this country … investments could be in the billions”.
KoBold Metals pledged to develop local talent and to “create thousands of high-paying Congolese jobs for decades”.
Coltan and manganese are mined in Rubaya, near Goma in the eastern DRC, in a region under the control of M23 rebels
TIMES PHOTOGRAPHER JACK HILL
TIMES PHOTOGRAPHER JACK HILL
Another US consortium, including a company led by former US special forces staff, has emerged as the leading bidder for Chemaf Resources Ltd, a Congolese copper and cobalt producer, after Kinshasa blocked its sale to a Chinese state-owned firm. President Tshisekedi of the DRC has long sought to attract more western investment to counterbalance China’s dominance.
He approached the US in February with an offer of mining rights in exchange for security support and has since backed calls for Trump to win the Nobel peace prize.
Advertisement
KoBold Metals’ agreement to develop the Roche Dure lithium deposit at Manono is contingent on resolving a long-running dispute over rights to the site between the Congolese government, Australia-based AVZ Minerals and China’s state-backed Zijin Mining.
The US start-up will also face the challenge of operating in a sector fraught with reports of labour abuses and environmental harm, and being judged against its billionaire backers’ humanitarian and green commitments. The Bezos Earth Fund has pledged $110 million in grants to protect the Congo basin and the Gates Foundation helps fund agricultural development in the region.
Founded in 2018, KoBold Metals distinguishes itself from traditional mining companies by using artificial intelligence to “scrape” geological archives and algorithms to identify potential mineral deposits. In 2024, it found Zambia’s largest copper deposit in a century.
Traditional mining practices will be supplemented by the use of AI and algorithms to identify potential deposits
TIMES PHOTOGRAPHER JACK HILL
The conflict in the eastern DRC stems from the aftermath of the 1994 genocide in neighbouring Rwanda when nearly two million Hutus, including those accused of the slaughter, fled into Congo fearing reprisals. Rwanda has repeatedly intervened, citing threats from Hutu militias, and an estimated six million people have died in fighting, famine and disease. Analysts say much of the violence is driven by competition over natural resources.
Reports by the UN and a number of western governments, including the US and EU, have presented evidence that Rwanda is backing and arming the M23 rebel movement in part to loot minerals from the DRC and export them as their own. Rwanda denies the allegation.
Tech titans Jeff Bezos and Bill Gates team up in race for minerals
KoBold Metals, backed by the billionaires, is to begin mining in the Democratic Republic of Congo, which the US estimates has vast reserves of untapped minerals
KoBold Metals, backed by Bill Gates and Jeff Bezos, faces the challenge of operating in a fraught sector
Jane Flanagan
, Africa Correspondent
Sunday July 27 2025, 9.37pm, The Times
Acompany backed by the billionaires Bill Gates and Jeff Bezos is to challenge China in the global race for the minerals that power modern technology.
KoBold Metals is to begin mining in the Democratic Republic of Congo, which is estimated by the US to have up to $24 trillion of largely untapped resources.
The firm has secured rights to mine one of the world’s largest hard-rock lithium deposits, in a region that has been fought over for decades. The venture will be a test of President Trump’s pro-business foreign policy and his pledge to restore peace to an area overrun with militia and troops from Congo’s neighbours. A Rwanda-backed rebel group has seized a swathe of land there, including its biggest cities, displacing hundreds of thousands of people.
A peace deal signed in Washington last month between the DRC and Rwanda to end the fighting was hailed as historic by Trump. Questions remain about its details, however, including the nature of any US security guarantees and which side will benefit most from US business investment.
Despite its immense supplies of copper, cobalt, coltan, tin and uranium, the DRC is among the five poorest countries in the world. For years, US firms considered the challenges of operating in such an unstable and corrupt country too great, which has enabled Chinese firms to get ahead.
Advertisement
However, Trump’s new focus appears to have provided enough confidence for KoBold Metals to agree a “large-scale minerals exploration programme” over 1,600 sq km in the DRC’s most volatile region.
Benjamin Katabuka, its director-general in the country, told the Financial Times that the firm was “looking to go big in this country … investments could be in the billions”.
KoBold Metals pledged to develop local talent and to “create thousands of high-paying Congolese jobs for decades”.
Coltan and manganese are mined in Rubaya, near Goma in the eastern DRC, in a region under the control of M23 rebels
TIMES PHOTOGRAPHER JACK HILL
TIMES PHOTOGRAPHER JACK HILL
Another US consortium, including a company led by former US special forces staff, has emerged as the leading bidder for Chemaf Resources Ltd, a Congolese copper and cobalt producer, after Kinshasa blocked its sale to a Chinese state-owned firm. President Tshisekedi of the DRC has long sought to attract more western investment to counterbalance China’s dominance.
He approached the US in February with an offer of mining rights in exchange for security support and has since backed calls for Trump to win the Nobel peace prize.
Advertisement
KoBold Metals’ agreement to develop the Roche Dure lithium deposit at Manono is contingent on resolving a long-running dispute over rights to the site between the Congolese government, Australia-based AVZ Minerals and China’s state-backed Zijin Mining.
The US start-up will also face the challenge of operating in a sector fraught with reports of labour abuses and environmental harm, and being judged against its billionaire backers’ humanitarian and green commitments. The Bezos Earth Fund has pledged $110 million in grants to protect the Congo basin and the Gates Foundation helps fund agricultural development in the region.
Founded in 2018, KoBold Metals distinguishes itself from traditional mining companies by using artificial intelligence to “scrape” geological archives and algorithms to identify potential mineral deposits. In 2024, it found Zambia’s largest copper deposit in a century.
Traditional mining practices will be supplemented by the use of AI and algorithms to identify potential deposits
TIMES PHOTOGRAPHER JACK HILL
The conflict in the eastern DRC stems from the aftermath of the 1994 genocide in neighbouring Rwanda when nearly two million Hutus, including those accused of the slaughter, fled into Congo fearing reprisals. Rwanda has repeatedly intervened, citing threats from Hutu militias, and an estimated six million people have died in fighting, famine and disease. Analysts say much of the violence is driven by competition over natural resources.
Reports by the UN and a number of western governments, including the US and EU, have presented evidence that Rwanda is backing and arming the M23 rebel movement in part to loot minerals from the DRC and export them as their own. Rwanda denies the allegation.
Mute22
Regular
Given articles like this clearly driven by Kobold’s PR team—alongside the MoU they signed with AVZ explicitly acknowledging that AVZ must be fairly compensated for its rights to the deposit, it’s difficult to argue that Kobold intends to proceed over our heads.Full gated Times article:
Tech titans Jeff Bezos and Bill Gates team up in race for minerals
KoBold Metals, backed by the billionaires, is to begin mining in the Democratic Republic of Congo, which the US estimates has vast reserves of untapped minerals
KoBold Metals, backed by Bill Gates and Jeff Bezos, faces the challenge of operating in a fraught sector
Jane Flanagan
, Africa Correspondent
Sunday July 27 2025, 9.37pm, The Times
Acompany backed by the billionaires Bill Gates and Jeff Bezos is to challenge China in the global race for the minerals that power modern technology.
KoBold Metals is to begin mining in the Democratic Republic of Congo, which is estimated by the US to have up to $24 trillion of largely untapped resources.
The firm has secured rights to mine one of the world’s largest hard-rock lithium deposits, in a region that has been fought over for decades. The venture will be a test of President Trump’s pro-business foreign policy and his pledge to restore peace to an area overrun with militia and troops from Congo’s neighbours. A Rwanda-backed rebel group has seized a swathe of land there, including its biggest cities, displacing hundreds of thousands of people.
A peace deal signed in Washington last month between the DRC and Rwanda to end the fighting was hailed as historic by Trump. Questions remain about its details, however, including the nature of any US security guarantees and which side will benefit most from US business investment.
Despite its immense supplies of copper, cobalt, coltan, tin and uranium, the DRC is among the five poorest countries in the world. For years, US firms considered the challenges of operating in such an unstable and corrupt country too great, which has enabled Chinese firms to get ahead.
Advertisement
However, Trump’s new focus appears to have provided enough confidence for KoBold Metals to agree a “large-scale minerals exploration programme” over 1,600 sq km in the DRC’s most volatile region.
Benjamin Katabuka, its director-general in the country, told the Financial Times that the firm was “looking to go big in this country … investments could be in the billions”.
KoBold Metals pledged to develop local talent and to “create thousands of high-paying Congolese jobs for decades”.
Coltan and manganese are mined in Rubaya, near Goma in the eastern DRC, in a region under the control of M23 rebels
TIMES PHOTOGRAPHER JACK HILL
TIMES PHOTOGRAPHER JACK HILL
Another US consortium, including a company led by former US special forces staff, has emerged as the leading bidder for Chemaf Resources Ltd, a Congolese copper and cobalt producer, after Kinshasa blocked its sale to a Chinese state-owned firm. President Tshisekedi of the DRC has long sought to attract more western investment to counterbalance China’s dominance.
He approached the US in February with an offer of mining rights in exchange for security support and has since backed calls for Trump to win the Nobel peace prize.
Advertisement
KoBold Metals’ agreement to develop the Roche Dure lithium deposit at Manono is contingent on resolving a long-running dispute over rights to the site between the Congolese government, Australia-based AVZ Minerals and China’s state-backed Zijin Mining.
The US start-up will also face the challenge of operating in a sector fraught with reports of labour abuses and environmental harm, and being judged against its billionaire backers’ humanitarian and green commitments. The Bezos Earth Fund has pledged $110 million in grants to protect the Congo basin and the Gates Foundation helps fund agricultural development in the region.
Founded in 2018, KoBold Metals distinguishes itself from traditional mining companies by using artificial intelligence to “scrape” geological archives and algorithms to identify potential mineral deposits. In 2024, it found Zambia’s largest copper deposit in a century.
Traditional mining practices will be supplemented by the use of AI and algorithms to identify potential deposits
TIMES PHOTOGRAPHER JACK HILL
The conflict in the eastern DRC stems from the aftermath of the 1994 genocide in neighbouring Rwanda when nearly two million Hutus, including those accused of the slaughter, fled into Congo fearing reprisals. Rwanda has repeatedly intervened, citing threats from Hutu militias, and an estimated six million people have died in fighting, famine and disease. Analysts say much of the violence is driven by competition over natural resources.
Reports by the UN and a number of western governments, including the US and EU, have presented evidence that Rwanda is backing and arming the M23 rebel movement in part to loot minerals from the DRC and export them as their own. Rwanda denies the allegation.
Even factoring in the most recent agreement (which notably excludes AVZ), it’s evident they expect their own rights to be respected and understand that without setting a precedent of upholding existing rights, they’re unlikely to move forward at Manono. Not to mention, doing otherwise risks dragging themselves into litigation with MoU and precedent of cases that overwhelmingly favors AVZ.
The more likely scenario? AVZ and Kobold agree to a fair-value settlement or we return to arbitration. Until then, Manono sits idle, while Kobold continues exploring for another "monster" deposit, a situation that neither the DRC nor Kobold truly wants.
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I feel your pain.
Today my CFDs over PLS got herpes.
There was an article today in perthnow.com.au (reputable news source) on Eckhof’s house in Trig selling for $7mil under asking……
Hodlandwin69
Regular
DRC signs major mining deal with U.S.-backed KoBold Metals | Africanews
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.www.africanews.com
The Democratic Republic of Congo has signed a framework agreement with American mining firm KoBold Metals to explore critical mineral resources across the country. The signing took place Thursday in Kinshasa, in the presence of President Félix Tshisekedi.
KoBold Metals, which is backed by billionaires Jeff Bezos and Bill Gates, plans to invest more than one billion dollars in the DRC's mining sector. The company’s initial focus is the Manono lithium deposit, considered one of the largest in the world. Lithium is a key component in batteries and green energy technologies, making it highly strategic for global markets.
Beyond Manono, KoBold will launch a large-scale mineral exploration program across the country, using advanced technology to identify high-value deposits. The agreement includes plans to digitize the DRC’s geological archives, currently held at the Royal Museum for Central Africa in Belgium. KoBold also intends to apply for exploration permits covering more than 1,600 square kilometers before July 31, 2025.
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