‘US firm in key DRC minerals deal overstated its mining experience’
From channelafrica.co.za
A United States (US) firm central to the US President Donald Trump administration’s push to secure critical minerals from Democratic Republic of Congo (DRC) overstated its mining experience, Reuters has found. Virtus, which ​bought Chemaf’s mines in March for $30 million from the miner’s shareholders, stated on its website that it had a track record in DRC due to its operating of a copper and cobalt processing plant. However, Reuters found Virtus didn’t acquire the plant and that the plant has been idle since 2012, according to company documents, court records related to the disputed sale of the plant and five ...
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