US DRC SPA Intel
US-DRC SPA Intelligence Brief | 16 October 2026
Kabila Took the Seat. Washington Used the Name.
On the ground
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Update · Essential
Kinshasa Is Paying for the Map. It Will Decide Who Reads It.
FOMIN funds the flight. FOMIN is also written into the door fee on any deposit the flight studies. The next allocation contest leaves the cadastre. The guest list is the product.
US DRC SPA Intel
US-DRC SPA Intelligence Brief | 2 October 2026
Congo's regulator hit every major mining book as the US-DRC Strategic Partnership stalled: no Geneva communiqué, a Lobito misattribution, a weak bond sale.
Update · Essential
Washington Is Still Reciting April. The DRC Has Moved On.
The State Department's 2026 assessment and the enforcement file now describe two different countries. The gap between them is the risk investors are not pricing.
The reference desk
All registers →
Register · Live
SAR Registry
Every publicly reported Strategic Asset Reserve designation and transaction, with sourcing, confidence, and clickable asset profiles.
Tracker · Live
Regulatory Reform Tracker
Every SPA obligation, both parties, held to the treaty text clause by clause, with verdicts.
Rating · Live
DRC Sovereign & Institutional Rating
A sovereign-alternative composite across 14 pillars, plus per-entity ratings for 28 state enterprises.
Register · Live
CAMI Registry
The complete DRC mining-title cadastre, made searchable.
Dossier · Live
SPA Glossary
Every mechanism and legal term in the agreement, defined against the treaty text.
Dossier · Active
Strategic Asset Reserve
The definitive living file on the SAR: mandate drafting, qualification criteria, allocation politics and every operator in contention.
Dossier · Active
The Washington Accords
Ratification, implementation and the hundred-day test. The complete record of the instrument at the center of the partnership.
Dossier · Active
Lobito Corridor
Financing, construction phases, operators and the power gap along the route from the Copperbelt to the Atlantic.
Investment & Markets
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Update · Essential
Three Septembers in New York
A Congolese refinery with no mine now has a U.S. study grant. First metal still depends on feed, power, and a quota Kinshasa hands out at its discretion.
US DRC SPA Intel
US-DRC SPA Intelligence Brief | 25 September 2026
The partnership is producing transactions faster than institutions. A reserve commitment, a corridor power study, a delisting. The commercial steering body has met once. The reform clock runs to early December. The only public description of a one-stop shop is an unpromulgated, source-level sketch that names Sicomines.
Update · Essential
The US-DRC SPA’s Article XI Put the Reserve in Congo. VaultCo Put It in Ohio.
The treaty said explore a coordinated stockpile on Congolese soil. This week EXIM hired Glencore to fill an American one. Mercuria wrote $500 million next to it. That is not delivery. That is a relocation.
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