Freeport eyeing ways to develop Kisanfu cobalt project in DRC

Freeport-McMoRan is considering ways it could develop the Kisanfu cobalt project in the Democratic Republic of Congo following the sharp rise in prices of the raw material, the company's top executive said.

Since Freeport opted to reassess its 2016 decision to sell Kisanfu, the miner started to consider alternatives - including taking a joint venture partner for the project, according to company president, vice chairman and chief executive officer Richard Adkerson. 

“This was an exploration project. We had done a lot of work on Kisanfu when we owned Tenke Fungurume - in terms of...

Published

Andrea Hotter

February 26, 2018

22:43 GMT

New York