Africa Matters

China Moly denies DRC takeover of its Tenke copper-cobalt mine

There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum has said, contradicting authorities in the Democratic Republic of the Congo who said a temporary administrator had taken control of one of the world’s largest cobalt and copper mines. The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed…

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