China Molybdenum Co Mining News

MMG joins Glencore, ERG reviewing Congo plans after tax hike

Congo collected $1.57 billion of revenue from mining companies last year, almost double the previous year, mostly in profit tax and royalties.

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.

Congo triples levy on cobalt with strategic-minerals decree

Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt

Freeport CEO open to all options, even sale, after Grasberg

Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company.