Follow CGSP on Social Media

Listen to the CGSP Podcast

China Moly Back in Control of the Massive TFM Mine in the DR Congo

In a surprising reversal, the office of Congolese Prime Minister Sama Lukonde issued a statement late Monday night that suspended all legal proceedings against mining giant China Molybdenum (China Moly) and paves the way for the company to regain control of the massive Tenke Fungurume (TFM) copper and cobalt mine.

Last December, the DRC’s state-run mining company Gécamines sued China Moly for allegedly under-reporting TFM’s reserves. Then, in February, the court dealt China Moly a major blow when it temporarily stopped the company from operating the mine and appointed a Gécamines administrator. That administrator was named to give Gécamines access to the reserves information that it felt it had been denied.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.