Currently viewing Global edition

CMOC deal in DRC will unlock flood of copper and cobalt

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.

CMOC deal in DRC will unlock flood of copper and cobalt CMOC deal in DRC will unlock flood of copper and cobalt CMOC deal in DRC will unlock flood of copper and cobalt CMOC deal in DRC will unlock flood of copper and cobalt CMOC deal in DRC will unlock flood of copper and cobalt

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