This deal could also foster cooperation with Rwanda and other neighbours in the export and processing of metals. Credit: BJP7images/Shutterstock.

Officials from the Democratic Republic of Congo (DRC) are hopeful of finalising a deal with the US to secure investment in critical minerals and support for ending the conflict in the east of the country by the end of June, reported the Financial Times, citing sources.

According to the report, sources close to the negotiations suggest that a US investment deal and a separate peace agreement with Rwanda could be finalised.

However, the path to such agreements faces significant challenges, the report stated.

The US is looking to regain influence in the mining sector, which has been heavily dominated by China since 2008.

The DRC mining minister, Kizito Pakabomba, expressed that an agreement with the US would diversify the nation’s partnerships and reduce reliance on China.

This deal could also foster cooperation between the DRC and Rwanda and other neighbours in the export and processing of metals.

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Despite the potential benefits, DRC officials insist that the M23 rebels must retreat, and alleged Rwandan support must cease before any sanctioning of Rwanda’s involvement in the Congolese mineral trade.

Rwanda, accused of exploiting Congolese resources, denies supporting the rebels and claims to be defending against hostile forces.

DRC’s priority is to regain control of territories, including key cities, before considering any agreement that could legitimise Rwanda’s access to resources.

Yolande Makolo, spokesperson for the Rwandan president, emphasised the importance of a long-lasting peace agreement that addresses the root causes of insecurity.

Massad Boulos, Trump’s Africa envoy, has called for further negotiations in Washington to resolve differences. Boulos provided a draft peace agreement after meeting with leaders of both nations.

The US State Department highlighted the commitment to peaceful resolutions and transparency in natural resource supply chains.

Furthermore, the DRC has temporarily halted cobalt exports due to market oversupply, effective from 22 February, as announced by ARECOMS.

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