





In early May, mining giant Freeport McMoRan finalized a deal with China Molybdenum Inc. (CMOC) to sell the company's controlling stake in the Tenke Fungurume copper mine in Democratic Republic of Congo (DRC), the company's largest copper mine in Africa. Freeport sold their 56 percent stake in the Congolese project for $2.65 billion.



Chinese miner CMOC Group has resolved a prolonged dispute with Congolese state-controlled mining company Gécamines over royalties from the Tenke Fungurume copper and cobalt mine. This settlement will help the mine's battery metals stock to start entering international markets. CMOC is currently responsible for nearly …





Industry: Support Activities for Mining, Nonferrous Metal (except Aluminum) Production and Processing, Metal Ore Mining, Other Specialty Trade Contractors, Metal and Mineral (except Petroleum) Merchant Wholesalers See All Industries, Metal mining services, Primary copper, Cathodes (primary), copper, Cobalt ore mining, Copper ores, Copper ...







See "Information Regarding Tenke Mining Corp." in the Joint Disclosure Booklet. Lundin Mining. Lundin Mining is a company amalgamated under the CBCA, with its principal business office located at Suite 2101, 885 West Georgia Street, Vancouver, British Columbia, Canada, V6C 3E8. Lundin Mining also maintains an office at Hovslagargatan …





The company similarly has rebuffed requests to allow artisanal mining at slag heaps, likely because such access would prompt more theft of company-mined minerals. [fn] Crisis Group interviews, civil society representatives, Lualaba and Fungurume; mineral buyers and artisanal miners, Kolwezi, Tenke and Fungurume, September 2019.







Tenke Mining Corp., a Canadian company, holds the remaining minority interest in TFHL. The concession is located approximately 180 kilometers northwest of the provincial capital of Lubumbashi and includes the towns of Tenke and Fungurume. The Tenke Fungurume copper and cobalt deposits are part of the Central African Copperbelt.











Chinese miner CMOC Group has agreed to make a settlement payment of $800m between 2023 and 2028 to Congo's state-controlled mining company Gécamines to end a dispute related to the Tenke Fungurume copper and cobalt mine in the Democratic Republic of Congo (DRC).. Furthermore, CMOC will also pay at least $1.2bn (8.66bn …











Production from the Tenke Fungurume mine remained stable despite the outbreak of the Covid-19 pandemic in 2020, as its copper output saw a 2.61% year-on-year increase to 182,597 tonnes (t), whereas the cobalt production decreased by 4.11% to 15,436t. Bolstered by the post-pandemic surge in copper and cobalt prices, the Chinese operator ...




