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Exclusive-US firm in key Congo minerals deal overstated its mining experience, documents and sources show...
21 Apr, 2026 13:20 55 min read
A U.S. firm, Virtus, acquired Chemaf's mines for $30 million but overstated its mining experience in Congo, claiming to operate a processing plant that has been idle since 2012. Reports indicate Virtus does not own the plant, contradicting its website claims. The Chemaf deal marks the first investment under the U.S.-DRC strategic minerals partnership aimed at reducing China's dominance in Congo's mining sector.... More