US Consortium Secures Stake in Glencore’s DR Congo Mines for $9B. Kinshasa, DR Congo — February 4, 2026 A U. S.
-backed consortium, Orion Critical Mineral Consortium (Orion CMC), has reached a $9 billion agreement to acquire a 40% stake in Glencore’s copper and cobalt mines in the Democratic Republic of Congo (DRC), according to multiple sources.
The deal includes support from the U. S.
International Development Finance Corporation (DFC) and is part of the broader effort by the United States to secure critical mineral supply chains, the sources.
The targeted mines, Mutanda Mining and Kamoto Copper Company (KCC), produce cobalt and copper essential for electric vehicles and renewable energy technologies. This strategic move by the U.
S.
Aims to strengthen bilateral ties and secure critical mineral supply chains vital to U. S.
Economic growth, security, and innovation, according to official statements.
Glencore’s decision to sell a portion of its DRC mines could be an opportunity to reduce its debt and focus on other business areas, sources close to the matter.
The Democratic Republic of Congo has been a major producer of cobalt and copper, but the country’s mining sector has faced challenges due to years of conflict and instability.
This deal, however, is seen as a step towards stabilizing the sector and ensuring the efficient operation of these mines. Further details regarding the transaction are expected to be announced in the coming days.
The situation remains developing, and more information will be provided as it becomes available.
Source: Africa.
*Additional reporting by ImNews | Sources consulted: 5*
