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China’s CMOC Reaches Breakthrough Contract Settlement Deal With DRC Over the TFM Cobalt Mine

The Chinese mining giant CMOC announced on Wednesday that it finalized a deal with the DR Congo’s state-run mining company Gécamines over royalty payments for the massive Tenke Fungurume (TFM) copper and cobalt mine.

CMOC said in a statement published on its website that a “win-win” consensus on royalty payments to Gécamines had been reached but did not provide specific terms.

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