DR Congo President Rejects Auctioning Mineral Resources to US, Pursues Strategic Partnerships
DR Congo President Rejects Auctioning Mineral Resources to US, Pursues Strategic Partnerships

DR Congo President Rejects Auctioning Mineral Resources to US, Pursues Strategic Partnerships

News summary

President Félix Tshisekedi of the Democratic Republic of Congo has emphasized that while the country seeks to attract foreign investment, it will not auction its vast mineral wealth, instead focusing on partnerships that protect national interests and develop the mining value chain and infrastructure. The DRC has signed a strategic partnership with China and is negotiating a similar arrangement with the United States, aiming for long-term benefits beyond raw material exports. The Trump administration has facilitated a peace agreement between the DRC and Rwanda intended to reduce conflict in eastern Congo, a region rich in critical minerals, though Tshisekedi noted that fighting persists and accused Rwanda of continuing support for M23 rebels despite withdrawal promises. President Tshisekedi expressed gratitude to President Trump for his commitment to peace but stressed that mineral development will be done on terms favorable to Congo's sovereignty and economic development. US efforts include a multibillion-dollar fund to support mining projects and initiatives to secure access to critical minerals vital for various industries. Despite ongoing challenges, the DRC government remains firm on protecting its resources while seeking strategic, value-added partnerships.

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