U.S. Department of State

02/05/2024 | Press release | Distributed by Public on 02/05/2024 13:19

The Minerals Security Partnership Announces Collaboration in Minerals Exploration, Production, and Processing Between GECAMINES in the Democratic Republic of the Congo and[...]

The United States, as Chair of the Minerals Security Partnership (MSP), and MSP partners, announces the signing of a Memorandum of Understanding (MOU) between LA GENERALE DES CARRIERES ET DES MINES (GECAMINES) and the Japan Organization for Metals and Energy Security (JOGMEC). This milestone collaboration, forged through dialogue among MSP partners, creates a framework for coordination in mineral exploration, production, and processing in alignment with our shared commitment to the Partnership for Global Infrastructure and Investment (PGI)'s development of the Lobito Corridor. The MOU will create a framework for cooperation in the areas of mining and mineral resources with the intention of expanding of business opportunities for the parties.

This coordination among MSP partners is a powerful demonstration of the MSP's efforts to secure and diversify critical mineral supply chains, which bring economic benefits to local communities and source countries such as the DRC. In addition, GECAMINES will be a key player in the Lobito Corridor project thanks to its large portfolio of joint-venture projects in production, representing over 1.5 million tons of copper cathodes and 100,000 tons of cobalt hydroxide and more to be commissioned from projects under construction.

Learn more about the Minerals Security Partnership.

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