The transaction is expected to imply a combined enterprise value for Mumi and KCC of around US$9 billion.
Orion CMC will have the right to appoint non-executive directors in respect of the assets and direct the sale of the relevant share of production from the assets to nominated buyers, in accordance with the US-DRC Strategic Partnership Agreement, thereby securing critical minerals for the US and its partners. Mumi and KCC would continue to be managed as part of the Glencore Group.
Glencore and Orion CMC will also look for opportunities to expand and develop Mumi and KCC, working with the DRC government and Gécamines, Glencore’s existing partner in KCC, as well as to acquire additional critical mineral projects and assets in the DRC and the African copper belt more broadly.
Established in October 2025 and led by Orion Resource Partners in partnership with the US government, Orion CMC is a mission-driven consortium designed to support the United States and its allied and partner nations to develop secure, responsible, and resilient supply chains for the critical minerals that underpin future economic growth and security. The proposed transaction remains subject to due diligence, the execution of legally binding documentation and any applicable regulatory approvals.
US Deputy Secretary of State Christopher Landau, said: “The United States government is fully committed to the Washington Accords and ensuring peace, stability, and prosperity throughout the entire Great Lakes region. This proposed transaction between Glencore and the US-backed Orion Critical Minerals Consortium reflects the core objectives of the US-DRC Strategic Partnership Agreement by encouraging greater US investment in the DRC’s mining sector and promoting secure, reliable, and mutually beneficial flows of critical minerals between our two countries. We look forward to continued close engagement with the DRC government to advance this transaction in a manner that delivers benefits for both our peoples and sets a positive example for future US investment.”