China Moly to raise stake in DRC's Tenke …
Mining firm China Molybdenum (China Moly) has agreed to acquire holding company BHR Newwood DRC Holdings for $1.14bn, a transaction which will allow it to raise its stake in the Tenke Fungurume …
China Molybdenum says ready to make $2.15b acquisition of …
China Molybdenum Luoyang Co (China Moly) is poised to make an offer for an overseas mining project costing up to $2.15 billion, the latest push by a Chinese …
Congo deploys army to protect China Moly's copper mine …
Congo's military has deployed hundreds of soldiers to protect a major copper and cobalt mine owned by China Molybdenum Co Ltd from illegal miners, an army spokesman said on Wednesday.
China Moly to isolate TFM copper mine in Congo
China Moly to isolate TFM copper mine in Congo Reuters | March 23, 2020 | 3:20 pm News Africa Cobalt Copper Aerial view of the processing plant at China Molybdenum's Tenke Fungurume mine in 2015.
China Moly to increase stake in Tenke Fungurume mine
The holding company was established by private equity firm BHR to acquire a stake of 24% in the Tenke Fungurume copper mine in 2017 from Lundin Mining for …
Molybdenum to acquire Rio copper mine for US$820m | China …
IN its first foray into copper assets, China Molybdenum Co has agreed to buy an 80 percent stake in Australia's Northparkes mine from Rio Tinto for US$820 million. Rio Tinto has been selling some smaller operations to bolster its balance sheet in response to weaker commodity prices. The Anglo-Australian mining company recently completed …
China Moly buys 95% of DRC copper/cobalt mine from …
The DRC government holds the other 5% in the mine. China Moly acquired a 56% stake in Tenke Fungurume in 2016 from Freeport, which was looking to cut debt, …
China Moly to help BHR acquire stake in Congo's Tenke copper mine
Reuters KINSHASA China Molybdenum Co Ltd (CMOC) said on Sunday that it has signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of Congo's giant Tenke copper mine. CMOC says it is the majority owner of Tenke after completing a $2.65 billion …
China Moly to help BHR acquire stake in Congo's Tenke copper mine
China Molybdenum Co Ltd (CMOC) said on Sunday it had signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of Congo's ...
NY Times Uncovers Hunter Biden Ties to Chinese
China Molybdenum has announced an investment of $2.51bn to expand production capacity of its Tenke Fungurume mine (TFM) in the Democratic Republic of …
NY Times Uncovers Hunter Biden Ties to Chinese
To complete that deal, China Molybdenum sought a partner to buy out a minority stakeholder in the mine, Lundin Mining of Canada. Hunter Biden's BHR did so for China Molybdenum with $1.14 billion — which came entirely from Chinese state-backed companies — signing an add-on agreement that allowed China Molybdenum to buy …
China Moly to help BHR acquire stake in Congo's Tenke copper mine
China Molybdenum Co Ltd (CMOC) said on Sunday that it has signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of Congo's giant Tenke copper mine. CMOC says it is the majority owner of Tenke after completing a $2.65 billion purchase of a 56 percent …
Owler Reports
China Molybdenum Co: China Moly to help BHR acquire stake in Congo's Tenke copper mine KINSHASA, Jan 22 (Reuters) - China Molybdenum Co Ltd (CMOC) said on Sunday that it has signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of Congo's giant Tenke copper …
China Moly to help BHR acquire stake in Congo's Tenke copper mine
China Molybdenum Co Ltd (CMOC) said on Sunday that it has signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of ...
Zijin Mining to Acquire World's Largest Molybdenum-only Mine
Zijin News – On October 21, Zijin Mining entered into an agreement with Anhui Jinsha Molybdenum Co., Ltd. to acquire an 84% interest in the company for RMB 5.91 billion, which will see Zijin control the world's largest molybdenum-only deposit.. The deal was secured through public tendering at the Anhui Assets and Equity Exchange. …
CATL's subsidiary to acquire Kisanfu mine in DRC
Contemporary Amperex Technology (CATL) subsidiary Ningbo Brunp CATL New Energy will be acquiring a stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo (DRC) for US $137.5m. In the agreement, Ningbo Brunp CATL New Energy will purchase 25% in China Molybdenum (CMOC) unit KFM Holding. KFM …
Moly Mines enters strategic alliance with China …
Moly Mines has inked a preliminary deal with China Development Bank (CDB) for a strategic alliance to finance its new mining projects. Under the strategic alliance agreement, CDB will provide financial support …
China Moly to help BHR acquire stake...
China Moly to help BHR acquire stake in Congo's Tenke #copper #mine https://t.co/Dio9cs9cV6 @Reuters #chemicals #investment #peivateequity
China Molybdenum to launch bid for $2.15bn overseas mining …
China Molybdenum to launch bid for $2.15bn overseas mining project. China Molybdenum (CMOC) is planning to launch a bid for an overseas mining project valued at around $2.15bn. ... In June, Teck Resources has also entered the final bidding round to acquire a stake in the copper mine. Said to have been active overseas, …
China Moly to increase stake in Congo's Tenke copper mine …
HONG KONG, Jan 18- China Molybdenum Co Ltd said on Friday it had agreed to buy a holding company for $1.14 billion in order to increase its control. China Moly to increase stake in Congo's Tenke ...
China Moly Will Acquire Freeport's Tenke Fungurume …
Freeport-McMoRan announced on May 9 it has entered into an agreement to sell its interests in TF Holdings Ltd. to China Molybdenum for $2.65 billion in cash and contingent consideration of up to $120 million, consisting of $60 million if the average copper price exceeds $3.50/lb and $60 million if the average cobalt price exceeds …
China Moly pays $1.1bn to strengthen control over giant …
Chinese miner China Molybdenum has strengthened its control over a giant copper and cobalt mine in the Congo, spending $1.14bn to buy out a 24 per cent stake …
Tosca Mining signs option to acquire the Red Hills Molybdenum …
Tosca Mining Corp. (TSQ - TSX Venture, TQ4 - FWB), reported today it has completed the due diligence on the Red Hills Moly-Copper Project and has signed a formal agreement to purchase the ...
China Moly to increase stake in Congo's Tenke copper mine …
China Molybdenum Co said on Friday it had agreed to buy a holding company for $1.14-billion in order to increase its control in Democratic Republic of Congo's massive Tenke copper mine. China Moly ...
Evolution Mining to buy 80% stake in Northparkes
Australian gold miner Evolution Mining has agreed to buy an 80% stake in the Northparkes copper-gold mine in New South Wales state from Chinese miner CMOC Group for up to $831 million, the two ...
China's CATL to invest US$137.5M in Congo copper-cobalt mine
China's Contemporary Amperex Technology Co (CATL) has announced its offshoot was to acquire a stake in China Molybdenum Co's Kisanfu copper-cobalt mine in the Democratic Republic of the Congo (DRC) under a deal worth US$137.5 million Under the plan, Ningbo Brunp CATL New Energy Co will acquire a 25 percent stake in KFM …
Copper M&A rises as Chinese miner China Molybdenum …
Mar 20, 2023 – 5.00am. Another Australian copper and gold mine could soon change hands, with the Chinese owners of the Northparkes mine in NSW mulling …
China Moly's Congo mine expansion project starts trial production
Aerial view of the processing plant at China Molybdenum's Tenke Fungurume mine in 2015. ... Chile's state-run miner has made a $500 million offer to buy a 10% stake in the Quebrada Blanca copper ...