Tag: China Moly
Related Posts
DRC Court Temporarily Halts China Molybdenum’s Control Over Massive Tenke Fungurume Cobalt Mine
A court in the Democratic Republic of Congo on Monday temporarily took away the control of the world’s second-biggest cobalt and copper mine from its Chinese owner. It appointed a temporary administrator to run the Tenke Fungurume mine for six months, sidelining the Chinese mining giant China ...
The China Moly Court Ruling in the DRC Shows That Tshisekedi is Still in Charge, Says Mining Expert
The decision by a commercial court in the southern DR Congo city of Lubumbashi to temporarily suspend China Molybdenum's (China Moly) management of the enormous Tenke Fungurume copper and cobalt mine (TFM) is the latest twist in an almost-year battle between the government and ...
Brace Yourself, You’re Going to be Inundated With Pictures of Chinese Infrastructure in the DRC
Now that the contentious contract disputes between the DRC government and the major Chinese mining companies appear to be settling, at least for now, expect to see a torrent of paid media, tweets, and countless propaganda stories extolling the merits of China's infrastructure-for-resource deals. ...
Why This Photo May Indicate That China’s Mining Contracts Problem in the DR Congo Has Been Resolved
DR Congo President Félix Tshisekedi's office published a photo of a Christmas Eve meeting with Sun Ruiwen, president of China Molybdenum (aka "China Moly.") The company controls the massive Tenke Fungurume cobalt and copper mine (TFM) in Lualaba province. Sun reportedly reassured President ...
The U.S. President’s Son Involved in Controversy About a Chinese Mining Deal in the DR Congo
U.S. President Joe Biden's son, Hunter (photo), is once again at the center of a rapidly expanding controversy, this time about the sale of U.S. mining company Freeport-McMoRan's stake in the massive Tenke Fungurume copper and cobalt mine in the DR Congo to the Chinese mining giant China ...
Pressure From the Government & IMF Mounting on Chinese Mining Companies in the DRC
DR Congo President Félix Tshisekedi is again turning up the pressure on Chinese mining companies with his drive to re-evaluate mining contracts that were negotiated under his predecessor's tenure. During a Council of Ministers meeting on Friday, ...
Chinese Mining Giant Denies Media Reports Its Mining Contracts in the DRC Are Under Investigation
China Molybdenum Co. (aka China Moly), the world's second-largest copper and cobalt mining company, has denied reports that its contracts for the massive Tenke Fungurume Mine (TFM) in the Democratic Republic of the Congo are now under review by the government in Kinshasa. There is no "so-called investigation,"
China’s Enhances Its Dominant Role in the Congolese Mining Sector With Massive New $2.5 Billion Investment
The state-owned China Molybdenum Co (aka China Moly) recently announced a massive new $2.5 billion investment in its Tenke Fungurume mine (TFM) in southeastern DR Congo that aims to double its copper and cobalt output, critical raw materials used to manufacture batteries for electric vehicles. ...
African Iron Ore Producers Poised to Benefit From Supply Constraints Brought on By Disruptions in Australia and Brazil
Strong demand from Chinese steel mills, combined with supply disruptions in two of the world's largest iron ore producing countries, Brazil and Australia, will help to maintain near record-high ore prices, according to analyst forecasts. Chinese buyers may turn more to ...