Tag: China Molybdenum
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CMOC’s Cobalt Earnings Jump as Prime Minister’s Mediation Attempt Falters
China Molybdenum (aka CMOC/China Moly), the Chinese minerals giant running one of the Democratic Republic of Congo’s largest cobalt mines, has reported record net profits of about $606 million for the first six months of the year. Profits are up 72% year-on-year, despite ongoing disputes between CMOC and Gecamines, the DRC’s ...
DRC Industry Minister Meets With Two Key Chinese Players in the EV Battery Business
A meeting last week between a pair of senior Chinese executives and the DR Congo's Industry Minister, Julien Paluku, hints that the government is moving to expand domestic processing of raw materials used to manufacture electric vehicle batteries. Paluku met ...
China’s DRC Envoy Seeks to Mend Fences With the Country’s Powerful Mining Company
China's ambassador to the DR Congo, Zhu Jing, paid a visit on Monday to meet Alphonse Kaputo, the powerful chairman of the country's state-run mining company Gécamines. The courtesy call was no doubt part of an effort to try and mend ties with ...