US firm Virtus to restart Chemaf mining assets in Congo
Virtus Minerals has secured approval to restart Chemaf cobalt and copper mines in Congo. This is the first mine acquisition under a US-Congo partnership.
The American firm Virtus Minerals has initiated the transition and restart process for mining operations in the Democratic Republic of the Congo following its acquisition of Chemaf. This development marks the first transfer of operating mines under a strategic minerals partnership between Kinshasa and the United States.
Virtus is currently conducting inventory verification, technical assessments, and operational reviews across the asset portfolio. The company’s immediate priority is to stabilize the business and prepare for a responsible restart of operations at the Mutoshi and Etoile projects. These assets are vital for the global supply of cobalt and Copper, both of which are essential components for electric vehicle batteries and the broader energy transition.
