China Molybdenum raises stake in DRC copper-cobalt Tenke mine

摘要

China Molybdenum has raised its stake in the Tenke copper-cobalt mine in Democratic Republic of Congo (DRC) despite the policy uncertainties arising from the recent political turmoil.Already the major owner of Tenke, the Chinese miner has agreed to purchase a 24% stake at $1.1 billion in Tenke from BHR, according to its regulatory filing on Friday January 18.