Red Rock Resources advances mining and social housing projects in DRC via public-private partnership

Proactive - Interviews for investors

Red Rock Resources Plc. Chairman and CEO Andrew Bell joined Steve Darling from Proactive to provide an update on the company’s operations in the Democratic Republic of Congo, where it is advancing both mining and social housing initiatives through a public-private partnership (PPP) approach. Bell noted that while Red Rock has historically held gold and exploration assets in Australia, Kenya, and Colombia, the company is now primarily focused on African opportunities. Addressing prior disputes over assets in the DRC, Bell said, “We have very good projects, but they were subject to illegal, deceptive actions. We have those taken from us.” The company is pursuing compensation through local courts, seeking $10 million plus $2 million in costs and damages. In parallel, Red Rock has signed a Memorandum of Understanding with the Ministry of Road Development in the DRC to fund a large-scale social housing programme using revenues generated from mining operations. The initiative leverages the country’s Public-Private Partnership Act of 2014. Bell added that the project is gaining momentum, with the government committing to purchase the first three construction plants to kickstart development. The CEO emphasized the government’s eagerness to launch the initiative quickly, with a funding announcement expected soon. Red Rock is also evaluating initial copper-cobalt mining projects to provide financial support for the housing programme, integrating natural resource development with socio-economic impact initiatives. #proactiveinvestors #redrockresourcesplc #aim #rrr #andrewbell #mining #AndrewBell #CongoMining #Cobalt #GoldExploration #PublicPrivatePartnership #SocialHousingDRC #CopperCobalt #MiningInvestment #ProactiveInvestors