Mining News

China Moly to spend $2.5bn to double copper, cobalt output at Congo mine

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China Molybdenum Co said on Friday it would spend $2.51-billion to roughly double production of copper and cobalt at its giant Tenke Fungurume mine in the Democratic Republic of Congo. The bumper investment comes as prices for both metals have jumped in 2021 amid a demand rebound from the Covid-19 pandemic.

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