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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (165697)12/17/2020 8:53:24 AM
From: Snowshoe1 Recommendation

Recommended By
marcher

  Read Replies (3) | Respond to of 217785
 
re "Was told that one guy in Shanghai controls 1/2 the world cobalt resource"
Someone wants more...

China Moly buys 95% of DRC copper-cobalt mine from Freeport for $550 mln
finance.yahoo.com

Dec 13 (Reuters) - China Molybdenum Co said on Sunday it had acquired a 95% stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) from U.S.-based Freeport-McMoRan Inc for $550 million.

The Chinese company's takeover of the undeveloped Kisanfu project - discussed as early as 2016 - boosts its reserves in the DRC, the world's top producer of battery metal cobalt, where China Moly already operates the giant Tenke Fungurume mine.