Congo Seeks Crucial U.S. Mineral Investment Amidst Regional Tensions

The Democratic Republic of Congo is optimistic about clinching a deal with Washington next month to attract U.S. investment in its critical minerals while seeking support to end a Rwandan-backed rebellion, as reported by the Financial Times.

This potential agreement could see Congolese minerals, such as tungsten, tantalum, and tin, being legally exported to Rwanda for processing — a significant move given Congo's longstanding accusations against Rwanda for illegal exploitation. The U.S. is mediating separate deals with both Rwanda and Congo, aspiring for resolution by June, although the Financial Times highlights several significant hurdles.

Congolese Mines Minister Kizito Pakabomba emphasized the potential agreement's role in diversifying partnerships, thereby diminishing reliance on China. The plundering of Congo's mineral wealth is perceived as a key factor in the conflict involving Rwanda-backed M23 rebels. Meanwhile, U.S. representatives, including Massad Boulos, advise a peace agreement be finalized this summer, potentially channeling billions in Western investments to the region.

(With inputs from agencies.)