Thursday, September 8, 2016

DR Congo’s State Mining Company Submitted An Offer to Buy Freeport McMoRan's Stake In Tenke Fungurume Copper, Cobalt Mine (FCX; LUN.to)

From Reuters:

The Democratic
Republic of Congo's state mining company Gecamines said on Wednesday it
has submitted an offer to buy Freeport McMoRan Inc's majority stake in
the Tenke copper project.

Freeport agreed in May to sell its 56
percent stake in Tenke, one of the world's largest copper mines, to
China Molybdenum Co Ltd (CMOC) for $2.65 billion.
Toronto-based
Lundin Mining, which

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