Friday, June 10, 2022

Chinese Company Denies Takeover of Cobalt/Copper Mine in DRC

Reuters published on 10 June 2022 an article titled "China Moly Denies Congo Administrator Takes Over Its Tenke Copper-cobalt Mine" by Aaron Ross. 

The secretary-general of Congo's state mining company stated earlier this week that a court-appointed temporary administrator had taken charge of Tenke Fungurume Mining (TFM), 80 percent owned by China Molybdenum, amid a dispute between TFM shareholders.  China Molybdenum then denied there had been any change in the management of TFM.