Industry

Ex-Navy Seal Bets on Newly Discovered Congo Copper Deposit

“Frontier Resource Group, founded by former U.S. Navy Seal Erik Prince, is in talks with a potential partner to develop a copper deposit in central Democratic Republic of Congo where the company says the metal has never been found before.
The company expects to seal a ‘multi-million dollar deal’ with the unidentified entity, Sean Rump, a partner at Frontier, said by phone from London Nov. 13. Congo is Africa’s biggest copper producer, mining 1 million metric tons of the metal last year, most of it in the southeastern Katanga region.”

Source: Ex-Navy Seal Bets on Newly Discovered Congo Copper Deposit – Bloomberg Business

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