China Moly capitalises on its increased share in Tenke Fungurume Mining
Against a backdrop of recovering red metal prices, Tenke Fungurume Mining (TFM), the country’s largest copper mine run by Simon Tuma Waku, the DR Congo’s former Minister of Mines, is on an annual trend close to 9%.
Someone shares this article with you
▪ China Moly capitalises on its increased share in Tenke Fungurume Mining
▪ Against a backdrop of recovering red metal prices, Tenke Fungurume Mining (TFM), the country’s largest copper mine run by Simon Tuma Waku, the DR Congo’s former Minister of Mines, is on an annual trend close to 9%.
▪ https://www.africabusinessplus.com/en/806056/china-moly-capitalises-on-its-increased-share-in-tenke-fungurume-mining/
Despite issues such as disputed terms in its takeover by Chinese state-owned group China Molybdenum (CMOC, known as China Moly), operating difficulties, the global health crisis and fiscal uncertainties in the sector, the Tenke Fungurume copper mine is running at full capacity. Over the first nine months of the year, production jumped by 7.15% to 141,966 tonnes, according to the latest accounting data from China Moly, which is partly listed in Hong Kong.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Mines
07/09/2023 at 15h02, by Africa Business+, updated 08/09/2023
Despite fire at Tenke Fungurume Mining, CMOC maintains timetable for start-up of new plant
This unit will increase the Congolese mine’s capacity by 200,000 tonnes of copper and 17,000 tonnes...
News
29/08/2023 at 11h12, by Africa Business+
DR Congo : CMOC poised to outperform Glencore on the back of Kisanfu production copper-cobalt launch
In recent months, in parallel with negotiations aimed at settling its dispute with Kinshasa over the...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on at the bottom of your screen.
2. Click on to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.