SITUATION REPORT

Congo: Gecamines and CMOC Reach Royalties Settlement Over Tenke Fungurume Mine

Apr 19, 2023 | 18:12 GMT

Chinese mining company CMOC (previously China Molybdenum Co. Ltd.) announced that it finalized a deal with the Democratic Republic of the Congo's state-run mining company Gecamines to resolve a nearly year-long dispute over royalty payments from the Tenke Fungurume copper and cobalt mine, Bloomberg reported on April 19....

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