After tariffs, US dangles billions of dollars in Congo mineral investment
The Democratic Republic of Congo, which has vast reserves of cobalt, lithium and uranium, among other minerals, has been fighting M23 rebels who have seized swathes of its territory this year.
The United States is in talks to invest billions of dollars in mineral-rich Congo and wants to help end a conflict raging in the country's east, President Donald Trump's senior adviser for Africa said during a visit on Thursday.
The Democratic Republic of Congo, which has vast reserves of cobalt, lithium and uranium, among other minerals, has been fighting M23 rebels who have seized swathes of its territory this year.
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The U.S., which on Wednesday sent shockwaves across the world by announcing a 10 per cent baseline tariff on all imports, said last month that it is open to exploring critical minerals partnerships with Congo after a Congolese senator contacted U.S. officials to pitch a minerals-for-security deal.
"You have heard about a minerals agreement. We have reviewed the Congo's proposal, and...the president and I have agreed on a path forward for its development," U.S. senior adviser Massad Boulos said after meeting Congo President Felix Tshisekedi in Kinshasa.
The details of any potential deal, or Congo's proposal, were not made public on Thursday.
Congo's minerals, which are used in mobile phones and electric cars, are currently dominated by China and its mining companies.
How the U.S. will operate in Congo is unclear, but Boulos suggested that U.S. companies will be involved.
"Rest assured, American companies are operating transparently and will stimulate local economies. These are multi-billion-dollar investments," he said.
He added that the U.S. wants to help forge peace in the east where thousands have been killed and hundreds of thousands forced to flee amid M23's advance, which has seen the group take over eastern Congo's two largest cities.
"We want a lasting peace that affirms the territorial integrity and sovereignty of the DRC," he said. "There can be no economic prosperity without security."
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