Congo halts court case against China Moly to resolve Tenke …

Congo's state miner Gecamines has suspended its court case against China Molybdenum's (CMOC) Tenke Fungurume copper and cobalt mine (TFM) in the …

Congo court appoints temporary administrator to run China Moly's Tenke mine

China Moly, which has an 80% stake in Tenke Fungurume, Congo's second-biggest copper mine, said at the time it was confident the issue would be resolved. The government has made few public ...

Congo seeks revaluation for China Moly's copper and cobalt …

August 23, 2021. Share this article. The Democratic Republic of Congo has reportedly formed a commission to re-evaluate the reserves and resources at the Tenke …

Zijin Mining to Acquire World's Largest Molybdenum-only Mine

It has 2,337,800 tonnes of resources and is the world's largest molybdenum-only mine. With an average grade of 0.143%, the mine has about 630,000 tonnes of resources grading as high as over 0.3%, while 65% of molybdenum resources in China have a grade of less than 0.1%. The deposit has only one main orebody that is …

China Molybdenum buys Rio Tinto Australia copper mine in …

MELBOURNE (Reuters) - Rio Tinto has agreed to sell its majority stake in the Northparkes copper mine in Australia for $820 million (532.5 million pounds) to China Molybdenum Co Ltd <3993.HK>, a ...

China Moly to increase stake in Tenke Fungurume mine …

By NS Energy Staff Writer 21 Jan 2019. China Molybdenum (China Moly) is set to increase its stake in the Tenke Fungurume copper mine in Democratic Republic …

China Molybdenum says ready to make $2.15b acquisition of …

Source:Reuters-Global Times Published: 23:38:02. China Molybdenum Luoyang Co (China Moly) is poised to make an offer for an overseas …

Congo court appoints temporary administrator to run China Moly's Tenke mine

China Moly, which has an 80% stake in TFM, Congo's second-biggest copper mine, said at the time it was confident the issue would be resolved. Congo's government has made few public comments about ...

China Molybdenum in $550M deal for Freeport's Congo …

China Molybdenum Co. Ltd. agreed to pay $550 million to acquire Freeport-McMoRan Inc.'s 95% stake in the Kisanfu copper-cobalt project in Congo.. Kisanfu is located 33 kilometers southwest of China Molybdenum's Tenke Fungurume copper-cobalt mine. In 2016, China Molybdenum agreed to acquire Freeport's 56% interest in …

China Moly takes full control of ex-Dreyfus metals unit for …

China Molybdenum Co, majority owner of a huge copper-cobalt mine in the Democratic Republic of Congo, said on Thursday it had completed the acquisition of all of IXM, formerly the metals business ...

China Moly wants third party to resolve Congo mine dispute

Last year, the mine produced 209,100 metric tons of copper and 18,500 tons of cobalt, according to China Moly. The company plans to produce as much as 267,000 tons of copper and 20,500 tons of ...

China Moly to double Tenke Fungurume copper, cobalt output

China Moly acquired a controlling stake in Tenke Fungurume, one of the world's largest copper-cobalt deposits, in 2016 for $2.65 billion from US miner Freeport-McMoRan (NYSE: FCX). In 2019, it ...

China Moly ups stake in giant Tenke copper mine to 80%

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017. China Moly ups stake in giant Tenke copper ...

China Moly to help BHR acquire stake in Congo's Tenke copper mine

China Molybdenum Co Ltd (CMOC) said on Sunday that it has signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of Congo's giant Tenke copper mine. CMOC says it is the majority owner of Tenke after completing a $2.65 billion purchase of a 56 percent …

China Moly to raise stake in DRC's Tenke Fungurume mine

Credit: Patrick Lauke / Flickr. Mining firm China Molybdenum (China Moly) has agreed to acquire holding company BHR Newwood DRC Holdings for $1.14bn, a transaction which will allow it to raise its stake in the Tenke Fungurume copper and …

NY Times Uncovers Hunter Biden Ties to Chinese

That same year, Chinese mining company China Molybdenum also paid $2.65 billion to buy Tenke Fungurume, a cobalt and copper mine from American …

CATL to acquire stake in Kisanfu copper-cobalt mine in …

The Kisanfu mine is estimated to hold 3.1 million tonnes of cobalt. Credit: Dominik Vanyi on Unsplash. Battery maker Contemporary Amperex Technology (CATL) subsidiary Ningbo Brunp CATL New Energy will be acquiring a stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) for $137.5m. Free …

Evolution acquires large Northparkes stake

Evolution Mining has entered into a binding agreement to acquire China Molybdenum Co's (CMOC) 80 per cent stake in the Northparkes copper-gold mine. The Northparkes operation is located 27km ...

RPT-China Moly buys 95% of DRC copper-cobalt mine from Freeport for

China Molybdenum Co said on Sunday it had acquired a 95% stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) from U.S.-based Freeport-McMoRan Inc for $550 million ...

China Molybdenum moves to acquire key Freeport copper mine …

The Tenke Fungurume mine in the Democratic Republic of Congo, owned by US mining company Freeport-McMoRan, looks to be sold in a bid to reduce the company's $20billion debt. With copper prices falling in the last year, the move represents China's mining companies benefiting from the relatively weaker bargaining positions …

CATL to acquire stake in Kisanfu copper-cobalt …

By NS Energy Staff Writer 12 Apr 2021. The battery manufacturer will acquire the stake in the undeveloped cobalt and copper resource from China Molybdenum. CATL will take a 25% stake in KFM, …

Copper M&A rises as Chinese miner China Molybdenum …

Mar 20, 2023 – 5.00am. Another Australian copper and gold mine could soon change hands, with the Chinese owners of the Northparkes mine in NSW mulling an exit. China Molybdenum Company (CMOC ...

CMOC Annouces Acquisition of Kisanfu Copper-cobalt …

China Molybdenum Co., Ltd. (the "Company" or "CMOC") is pleased to announce that it signed a share purchase agreement and completed a transaction with Freeport-McMoRan Inc. ("Freeport") to acquire Freeport's indirect 95% interest in the Kisanfu copper-cobalt deposit ("Kisanfu") in the Democratic Republic of Congo ("DRC") …

China Moly to buy Freeport's Kisanfu; Codelco eyes 70

TOP NEWS IN METALS & MINING * China Molybdenum Co. Ltd. agreed to pay US$550 million to acquire Freeport-McMoRan Inc.'s 95% stake in the Kisanfu copper-cobalt project in Congo. Freeport-McMoRan expects the deal to result in cash proceeds of approximately US$415 million after taxes, estimating a posttax gain of …

China Moly to help BHR acquire stake in Congo's Tenke copper mine

China Molybdenum Co Ltd (CMOC) said on Sunday that it has signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of ...

NY Times Uncovers Hunter Biden Ties to Chinese

To complete that deal, China Molybdenum sought a partner to buy out a minority stakeholder in the mine, Lundin Mining of Canada. Hunter Biden's BHR did so for China Molybdenum with $1.14 billion — which came entirely from Chinese state-backed companies — signing an add-on agreement that allowed China Molybdenum to buy …

China Molybdenum To Invest $2.5 Billion At Tenke Fungurume Mine …

As such, China Molybdenum (CMOC) (OTCPK:CMCLF) is planning to invest as the U.S. $2.51 billion to further augment the output from its Tenke Fungurume mine in the Democratic Republic of the Congo ...

Chinese Company Removed as Operator of Cobalt …

Feb. 28, 2022. A court in the Democratic Republic of Congo has sidelined the Chinese owner of one of the world's largest copper and cobalt mines, a major victory for the Congolese government as ...

Congo seeks revaluation for China Moly's copper and cobalt mine

By GlobalData. Earlier this month, China Molybdenum announced plans to invest $2.5bn to almost double production at the Tenke Fungurume mine as prices of copper and cobalt are on the rise due to an increase in demand. Slated to be complete in 2023, the project will respectively increase copper and cobalt output at the mine by …

China Moly pays $1.1bn to strengthen control over giant Congo cobalt mine

Chinese miner . China Molybdenum has strengthened its control over a giant copper and cobalt mine in the Congo, spending $1.14bn to buy out a 24 per cent stake held by a private equity company.

China Moly joins Huayou in Indonesia nickel project

China Moly, which already operates one of the world's biggest cobalt mines in the Democratic Republic of Congo, said it would initially acquire a 21% interest in the Huayue Nickel Cobalt joint ...

Congo halts court case against China Moly to resolve Tenke mine …

Congo's state miner Gecamines has suspended its court case against China Molybdenum's (CMOC) Tenke Fungurume copper and cobalt mine (TFM) in the country, reported mining. The move comes as a solution is being sought by the officials regarding a dispute between the project partners. This spat started in August …

China Moly buys 95% of DRC copper-cobalt mine from …

China Moly acquired a 56% stake in Tenke Fungurume in 2016 from Freeport, which was looking to cut debt, and at the same time entered negotiations to buy the U.S. miner's stake in Kisanfu before ...

China's CMOC plans $1.8bn investment in Congo copper-cobalt mine

Chinese mining company China Molybdenum (CMOC) is set to invest $1.826bn for the development of phase one of the Kisanfu copper and cobalt project in Congo. The project is expected to meet the surging demand for the commodities from the new energy sector. CMOC purchased a 95% stake in the KFM project in December …

China Molybdenum To Invest $2.5 Billion At Tenke …

Aug. 12, 2021 11:05 AM ET CMOC Group Limited (CMCLF) Stock. MetalMiner. 2.62K Follower s. Summary. China Molybdenum is planning to invest as U.S. $2.51 billion to …

China Moly buys 95% of DRC copper-cobalt mine …

China Molybdenum Co said on Sunday it had acquired a 95% stake in the Kisanfu copper-cobalt mine in the Democratic …