Gecamines claims it has pre-emptive rights to buy the stake as owner of the country’s mining titles.
Lunding Mining Mining News
Canada’s Lundin, which owns 24% of Tenke, has finally agreed to sell its stake to a private equity firm from Asia’s richest nation.
The Congo mine, which cost $3 billion to build, holds one of the world’s largest known copper resources.
Lundin was outplayed in its last major deal, but now looks ready to pull the trigger on $1 billion-plus acquisition of one of Africa's richest copper mines.