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Chinese miner China Molybdenum (CMOC) has reached an agreement with its partner in the Democratic Republic of Congo, in a move which could unlock a huge stockpile of stranded metal, and allow progress to proceed on an expansion at the world’s second-largest cobalt mine.
In a filing to the Hong Kong Stock exchange, CMOC said it has consensus with partner Gecamines on royalties for the Tenke Fungurume (TFM) copper-cobalt mine in the DRC, in a deal which it says is
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