Mining News

China Moly denies Congo administrator takes over its Tenke copper-cobalt mine

There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum said on Friday, contradicting a state mining company official who said a temporary administrator had taken control of the world’s second-largest cobalt producer. The secretary-general of Congo’s state mining company Gecamines told Reuters on Thursday that a court-appointed temporary administrator had officially taken charge amid a dispute between TFM shareholders.

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