Rome Resources Plc (AIM:RMR), the mining company exploring tin and copper deposits in the Democratic Republic of Congo (DRC), has welcomed news of a draft peace agreement between the DRC and Rwanda.

The deal, expected to be signed next week, includes joint security guarantees and has been brokered by Qatar and the United States. This development is significant for the region, particularly the eastern Democratic Republic of the Congo (DRC), which has faced ongoing instability.

Peace and improved security can help create a more predictable environment for businesses operating there, which in turn supports investment and project continuity.

Rome Resources currently operates three drilling rigs in the area, supported by helicopter and supply flights to the nearby Bisie airstrip.

The company said its operations are progressing well and plans to provide a detailed update alongside its annual financial results, scheduled for release before 1 July.               By Ian Lyall, Proactive