
Gecamines to Market Kamoto Copper from Glencore Mine in Congo
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U.S.-backed consortium moves to buy 40% of Glencore copper and cobalt assets in the DRC
Glencore and the Orion Critical Mineral Consortium have signed a non-binding MoU that would give Orion CMC a 40% interest in Glencore’s Mutanda and Kamoto Copper Company operations in the Democratic Republic of Congo, implying a combined enterprise value near $9 billion. The deal would grant the consortium governance rights over board representation and the ability to direct the sale of its share of production under the U.S.-DRC strategic framework, while Glencore would continue operating the sites pending approvals and due diligence.

DR Congo establishes U.S.-backed copper route to Saudi Arabia and the UAE
The Democratic Republic of Congo has agreed to route copper shipments to Saudi Arabia and the UAE via a U.S.-backed vehicle tied to a non-binding memorandum that would give the consortium rights over a 40% economic interest in two Glencore DRC assets. The proposed arrangement — linked to Orion Critical Mineral Consortium and subject to due diligence and approvals — aims to lock in dedicated copper and cobalt flows for Western partners while diversifying buyers beyond traditional Asian traders.



