Completion of acquisition of the CHEMAF Group of companies by Virtus Lloyds Minerals Holding

Published: Mar 30, 2026 07:00

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Lloyds Metals and Energy Limited has announced that VLMH, a joint venture in which its wholly-owned subsidiary LGRF holds a 49% stake, has completed the acquisition of 100% equity in all companies under the CHEMAF Group, which is engaged in copper and cobalt mining and processing in the Democratic Republic of the Congo (DRC). This marks the first major mineral acquisition transaction closed by the joint venture platform in the DRC. Previously, the company disclosed in January 2026 the acquisition of a 50% stake in Nexus Holdco FZCO, which owns copper mining concessions and a processing plant in the DRC, with operations commencing in March 2026.

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