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Ex-Navy Seal Bets on Newly Discovered Congo Copper Deposit

  • Frontier in talks on `multi-million dollar' partnership deal
  • Company sees venture being profitable at current copper price
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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.