Rome Resources (RMR) , the tin and copper explorer focussed on the Democratic Republic of Congo, has spotlighted positive press coverage announcing the planned signing next week of a definitive peace agreement, including joint security guarantees, by the DRC and Rwanda, which has been brokered by Qatar and the US.
This is a further positive development in the region and is likely to increase confidence in the business environment, particularly in the eastern DRC, going forward. Earlier in the year rebel group M23 moved out of the area Rome is operating in.
Rome is currently operating with three drill rigs and helicopter support, augmented by supply and personnel flights into the nearby Bisie airstrip.
Operations are progressing well and the company will issue a detailed update to the market in conjunction with the publication of Rome's annual statutory accounts, due before 1 July 2025.
View from Vox
The DRC is not for everyone, but Rome has been able to make it work thus far, and to prove up some extremely promising ground at Bisie North. In large part that success is because Rome’s chairman Klaus Eckhof has DRC experience that is second to none, as we explored in our Vox Markets interview – here.