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Lundin and Freeport move ahead on Tenke selloff
Lundin Mining and Freeport McMoRan reported separate transactions in mid-November designed to divest the companies of their interests in the Tenke Fungurume open-pit copper-cobalt mining and processing operation in Katanga province, Democratic Republic of the Congo (DRC). DRC state mining company, Gecamines, which holds a 20% interest in Terike Fungurue, expressed opposition to the transactions. The concerted withdrawal of Lundin and Freeport, without taking into account Gecamines' rights, would obviously result in forcing Gecamines into a new partnership with totally new and non-chosen companies, Gecamines said in a statement, as reported by Reuters.
Lundin and Freeport move ahead on Tenke selloff
Lundin Mining and Freeport McMoRan reported separate transactions in mid-November designed to divest the companies of their interests in the Tenke Fungurume open-pit copper-cobalt mining and processing operation in Katanga province, Democratic Republic of the Congo (DRC). DRC state mining company, Gecamines, which holds a 20% interest in Terike Fungurue, expressed opposition to the transactions. The concerted withdrawal of Lundin and Freeport, without taking into account Gecamines' rights, would obviously result in forcing Gecamines into a new partnership with totally new and non-chosen companies, Gecamines said in a statement, as reported by Reuters.
Lundin and Freeport move ahead on Tenke selloff
2016
Article (Journal)
English
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