Connect with us

Hi, what are you looking for?

Imsilkroad

China Molybdenum buys 95 pct stake in DRC copper-cobalt mine

Abstract : China Molybdenum Co., Ltd. has acquired a 95-percent stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) from U.S.-based Freeport-McMoRan Inc. for 550 million U.S. dollars.

ZHENGZHOU, Dec. 14 (Xinhua) — China Molybdenum Co., Ltd. has acquired a 95-percent stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) from U.S.-based Freeport-McMoRan Inc. for 550 million U.S. dollars.

The Kisanfu mine holds an estimated 6.28 million tonnes of copper and 3.1 million tonnes of cobalt metal.

Li Chaochun, vice chairman of the board of China Molybdenum, said a sound exploration of the Kisanfu mine would bring great social value and economic benefits to the surrounding communities and the DRC. The company has pledged to develop the project “in the most responsible and self-disciplined way.”

Headquartered in Luoyang City, central China’s Henan Province, China Molybdenum is the world’s leading molybdenum and tungsten producer. It has been listed in both Hong Kong and Shanghai. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China Molybdenum buys 95 pct stake in DRC copper-cobalt mine

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...