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Tag Archives: Molybdenum

China group buys DR Congo copper mine for $2.65 billion

Kinshasa, DR Congo | AFP | US company Freeport-McMoRan said Monday it was selling control in the Tenke Fungurume copper mine in DR Congo to China Molybdenum, giving the Chinese company a strong foothold in the country’s rich copper and cobalt reserves. Freeport-McMoRan will offload its 70 percent stake in …

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