Currently viewing Global edition

CMOC ups Tenke stake in $1.13B deal

China Molybdenum Co (HK: 3993) has agreed to pay BHR Newwood US$1.13 billion to increase its stake in the Tenke Fungurume copper-cobalt mine in the Democratic Republic of Congo.

CMOC ups Tenke stake in $1.13B deal CMOC ups Tenke stake in $1.13B deal CMOC ups Tenke stake in $1.13B deal CMOC ups Tenke stake in $1.13B deal CMOC ups Tenke stake in $1.13B deal

Gains further control of DRC copper-cobalt mine