Atlas Park will analyze old geological records and carry out fresh surveys all over the nation as part of the arrangement, which was revealed during the Mining Indaba conference in Cape Town.
The results will be given to Kinshasa’s National Geological Service to direct further research and funding. Both parties refused to disclose the deal’s worth.
“The DRC offers greater exploration potential than any other place in the globe. We want to profit from exploration investments, and in order to do so successfully, we must improve the data environment,” Atlas Park CEO Kai Han informed Semafor:
The agreement demonstrates the DRC’s increasing efforts to draw in global cash and technology as demand rises for minerals like copper and cobalt, which are abundant in the nation and crucial for AI and clean energy systems.
In an effort to modernize aging geological datasets and increase openness in the industry, Kinshasa has inked further data-digitization and exploration agreements with companies based in the United States and Japan.
However, the agreement has also sparked discussion among South African politicians, who contend that African countries have to work together more closely instead of depending solely on separate agreements with outside forces.
Source: Business Insider Africa
