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Lloyds Metals acquires CHEMAF Group in DRC

Apr 02, 2026

Acquiring Company

Lloyds Metals and Energy Limited

Acquired Company

Chemaf

MumbaiDemocratic Republic Of The CongoEnergyMiningManufacturingMiningPrecious MetalsMineral

Description

Lloyds Metals and Energy Limited has successfully acquired CHEMAF Group, a mining company in the Democratic Republic of Congo. This $250 million deal will enhance access to cobalt and copper for both the US and India. The acquisition will expand CHEMAF's production capacity significantly, bolstering non-Chinese mineral sources.

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Company Information

Company

Lloyds Metals and Energy Limited

Location

Mumbai, Maharashtra, India

About

Lloyds Metals and Energy Limited is an Indian company involved in the mining and energy sector. It operates an iron ore mine in Gadchiroli and focuses on acquiring strategic mineral assets. The company aims to secure non-Chinese sources of essential minerals.

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Frequently asked

Who acquired Chemaf?

Chemaf was acquired by Lloyds Metals and Energy Limited, based in Mumbai. The deal was reported on April 2, 2026. Lloyds Metals and Energy Limited is an Indian company involved in the mining and energy sector. It operates an iron ore mine in Gadchiroli and focuses on acquiring strategic mineral assets. Lloyds Metals and Energy Limited is privately held and operates in Energy.

When did Lloyds Metals and Energy Limited acquire Chemaf?

Lloyds Metals and Energy Limited's acquisition of Chemaf was reported on April 2, 2026. Lloyds Metals and Energy Limited has successfully acquired CHEMAF Group, a mining company in the Democratic Republic of Congo. This $250 million deal will enhance access to cobalt and copper for both the US and India. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Chemaf do?

Chemaf is a producer of cobalt and copper, primarily operating in the Democratic Republic of Congo. The company is privately owned and holds significant resources in a region that is critical to the global supply chain of these minerals. It is privately held, operating in Manufacturing, and is based in Democratic Republic Of The Congo.

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