China Molybdenum raises stake in DRC copper-cobalt Tenke mine

China Molybdenum has raised its stake in the Tenke copper-cobalt mine in Democratic Republic of Congo (DRC) despite the policy uncertainties arising from the recent political turmoil.

Already the major owner of Tenke, the Chinese miner has agreed to purchase a 24% stake at $1.1 billion in Tenke from BHR, according to its regulatory filing on Friday January 18.  Upon completion, China Molybdenum will own...

Published

Julian Luk

January 18, 2019

22:37 GMT

London