Source: China – South China Morning PostThe latest deal came just last week.
Mining giant China Molybdenum Company (CMOC) announced a US$2.51 billion plan to double copper and cobalt production at its massive Tenke Fungurume mine in the Democratic Republic of the Congo.
It came on the back of a US$550 million deal in December for CMOC to buy US miner Freeport-McMoRan’s indirect 95 per cent stake in the Kisanfu copper-cobalt operation – also in the DRC.
Other Chinese firms like Huayou Cobalt, Chengtun Mining, and state-owned China…Read More