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

Cecilia Jamasmie | January 18, 2019 | 6:43 am Base Metals Battery Metals Africa China Cobalt Copper 

China Molybdenum, which bought the giant Tenke Fungurume copper and cobalt mine from Freeport-McMoRan in 2016, is buying a holding company for $1.14 billion that will give it an 80%-stake in Democratic Republic of Congo’s operation. The Chinese miner, which has spent...

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