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Tag: TENKE FUNGURUME

Companies

Congo Considers Extension of Cobalt Export Ban to Stabilize Market

March 22, 2025March 22, 2025 - by Carmen Mendez - Leave a Comment

The Democratic Republic of Congo may extend its cobalt export ban, initially enacted in February, to stabilize fluctuating prices. The ban has already contributed to a recovery in cobalt prices. …

Congo Considers Extension of Cobalt Export Ban to Stabilize Market Read More
Companies

Congo Seeks Saudi Mining Investments to Reduce Chinese Dependency

January 14, 2025January 14, 2025 - by Carmen Mendez - Leave a Comment

The Democratic Republic of Congo is seeking new mining investors from Saudi Arabia to reduce overreliance on Chinese companies in its mining sector, particularly in cobalt and copper. Senior official …

Congo Seeks Saudi Mining Investments to Reduce Chinese Dependency Read More
Companies / economics

Gecamines Offers $1 Million to Acquire Chemaf Assets, Thwarting Chinese Control

November 22, 2024November 22, 2024 - by Sofia Nawab - Leave a Comment

Congo’s state miner Gecamines is offering nearly $1 million to acquire Chemaf’s cobalt and copper assets, aiming to block a Chinese takeover by Norinco. Chemaf is facing severe financial distress, …

Gecamines Offers $1 Million to Acquire Chemaf Assets, Thwarting Chinese Control Read More
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