US-backed Virtus buys heavily indebted DR Congo copper-cobalt miner Chemaf. Offer backed by $475mn debt financing from Orion, the US mining fund, and supported by Lloyds Metals of India, which will run the mining operations. Chemaf owes Trafigura $600MM https://bit.ly/4lBUzWs

US-backed Virtus buys heavily indebted DR Congo copper-cobalt miner Chemaf. Offer backed by $475mn debt financing from Orion, the US mining fund, and supported by Lloyds Metals of India, which will run the mining operations. Chemaf owes Trafigura $600MM https://bit.ly/4lBUzWs

— MasterMetals (@MasterMetals) Mar 17, 2026

from MasterMetals
https://twitter.com/MasterMetals/status/2033960081176535477
March 17, 2026 at 06:34PM