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The Tenke Fungurume asset in the Democratic Republic of the Congo looks like being subject to more M&A, two months after Freeport McMoRan agreed to sell its 56% stake in the copper-cobalt mine to China Molybdenum.
Lots of parties are inspecting the rocks at Tenke Fungurume
The telling factor for this is an extension of the offer period for Toronto and Oslo-listed Lundin Mining to exercise its first right of refusal (it holds 24% of the asset), which automatically
Lundin Mining transaction to close this month
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