Tenke Fungurume Copper-Cobalt Mine
The Tenke Fungurume copper-cobalt mine comprises contiguous mining concessions covering more than 1,500km2within the DRC's southernmost province Katanga, approximately 177km north-west of Lubumbashi. The main ore bodies for the project include Kwatebala, Fungurume, Tenke (formerly …
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Tenke Fungurume Mine
Tenke Fungurume Fungurume SA is a leading copper and cobalt producer, with mines and processing facilities situated within the African copper belt in …Web
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CMOC to Acquire Freeport's Indirect 56% Interest in Tenke Fungurume …
In 2015, Tenke produced 204 thousand tonnes of copper and 16 thousand tonnes of cobalt ( basis) at a net cash cost of approximately US$1.21 per pound of copper.Web
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Major Mines & Projects | Tenke Fungurume Mine
The Tenke Fungurume (TFM) Copper and Cobalt Mine in the DRC represents one of the largest reserve and highest grade copper-cobalt mines in the world, with a mining area …Web
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SOCIAL IMPACT A SUMMARY
the deposits of copper, cobalt and associated minerals under mining concession nº 1981 and mining ... The Tenke Fungurume copper and cobalt deposits are part of the Central African Copperbelt. The ore comes to the surface in a series of hills within the concession. TFM proposes to mine the Kwatebala, Goma and KavifwafwauluWeb
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Relief as Chinese firm reaches royalty deal on Congo cobalt mine
The mine, which generally produces about 1,500 tonnes of cobalt and 20,000 tonnes of copper each month, has since built up a stockpile of at least 16,000 tonnes of cobalt hydroxide.Web
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Tenke Fungurume Mine
Tenke Fungurume Mining SA (TFM) is one of the largest copper and cobalt producers in the Democratic Republic of Congo (DRC).Construction on the site began in the latter part of 2006, and in 2009, TFM produced its first copper. The mine has since become a vital source of income for local communities and the country by way of royalties and …Web
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China Moly denies Congo administrator takes over its Tenke copper
A view of a copper processing facility at Tenke Fungurume, a copper and cobalt mine 110 km (68 miles) northwest of Lubumbashi in Congo's copper-producing south, File. ... China Moly controls an 80 ...Web
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China Molybdenum in $550M deal for Freeport's Congo copper-cobalt
China Molybdenum Co. Ltd. agreed to pay $550 million to acquire Freeport-McMoRan Inc.'s 95% stake in the Kisanfu copper-cobalt project in Congo.. Kisanfu is located 33 kilometers southwest of China Molybdenum's Tenke Fungurume copper-cobalt mine. In 2016, China Molybdenum agreed to acquire Freeport's 56% interest in the …Web
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Chinese miner gets DRC deal to free stockpile of copper and cobalt
Tenke Fungurume accounts for about 15% of global supply of cobalt, and Bloomberg News reported in February that a pile of copper and cobalt worth about $1.5-billion was stuck in the African nation.Web
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China Moly to double Tenke Fungurume copper, cobalt output
China Moly acquired a controlling stake in Tenke Fungurume, one of the world's largest copper-cobalt deposits, in 2016 for $2.65 billion from US miner Freeport-McMoRan (NYSE: FCX). In 2019, it ...Web
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Tenke Fungurume (MRDS #10280763) CU
OVERALL A COPPER COBALT RATIO 1 TO 0.08: Mineral occurrence model information. Model code: 197: USGS model code: 30b: BC deposit profile: E04: Deposit model name: Sediment-hosted Cu: ... "TENKE FUNGURUME DRILL RESULTS CONFIRM HIGH GRADE COPPER ORE," WORLD MINING . MARCH 1972, P. 41. Deposit "ZAIRE," …Web
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China Moly to spend $2.5 bln to double copper, cobalt output at …
China Moly has an 80% stake in Tenke Fungurume, one of the world's largest copper-cobalt deposits. The mine produced around 182,600 tonnes of copper and 15,400 tonnes of cobalt in 2020.Web
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DRC logistical issues remain in focus for cobalt supply chain
April 3, 2023. By the Fastmarkets team, Justin Yang, and Sayaka Kurata. Battery materials Cobalt Copper Electric vehicles Supply chains. Logistics in the DRC remain in focus, with market participants waiting to see whether the DRC government will lift its export ban on the Tenke Fungurume (TFM) cobalt- copper project, implemented last July.Web
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CMOC gets Congo deal to free stockpile of copper and cobalt
CMOC has kept the mine running throughout the dispute, and the hoard of copper and cobalt stuck in the African nation was worth about $1.5 billion by late February, according to Bloomberg ...Web
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China's CMOC resumes copper, cobalt shipments …
Exports from the Tenke Fungurume Mining (TFM) operation, which in 2021 supplied 10% of the world's cobalt, were halted in July 2022 after a row erupted with state miner Gecamines over mineral...Web
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China to increase control over global cobalt supply — …
Over the next two years, China's share of cobalt production is expected to reach half of global output, up from 44% at present, Darton said. Chinese refining activity reached 140,000 tonnes in ...Web
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Geology of the Tenke-Fungurume Sediment-Hosted Strata-Bound Copper
The large majority of the copper-cobalt ores in Tenke-Fungurume are strata bound, hosted in the Mines Series of the Roan Group. The bulk of the ore occurs directly above a regional stratigraphic contact between red, oxidized hematitic beds below, and gray, reduced carbonate beds above. The former are reddish Roches Argileuses Talqueuses …Web
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A $1.5 billion hoard of copper and cobalt is piling up in …
A $1.5 billion hoard of copper and cobalt is piling up in Congo. Processing facilities at Tenke Fungurume mine. ( Image courtesy of Lundin Mining.) A growing pile of copper and cobalt worth about ...Web
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Chinese firm regains control of DR Congo copper mine after …
China Moly says it plans to invest US$2.51 billion to double production at the site, the world's second-biggest cobalt mine. Tenke Fungurume produced 209,100 tonnes of copper in 2021 and 18,500 ...Web
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DRC Tenke Fungurume Copper & Cobalt Project …
2.09% copper and 0.30% cobalt. The Tenke Fungurume copper and cobalt deposits are part of the Central African Copper belt. The ore comes to the surface in a series of hills within the concession. The mean site elevation is 1,200 meters above sea level. Local hills rise 200 to 300 meters above the mean elevation.Web
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China's CMOC threatens legal action over Congo cobalt mine
Tenke Fungurume Mining (TFM) suspended copper and cobalt exports in July, when a dispute between Congo and CMOC escalated and a temporary administrator appointed by a Congolese court to run the ...Web
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Congo PM to mediate dispute over Tenke copper and cobalt mine
Exports from the mine, which accounted for more than 10% of global cobalt output in 2021, were suspended a month ago. Congo PM to mediate dispute over Tenke copper and cobalt mine - MININGWeb
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China's CMOC resumes copper, cobalt shipments from Congo's …
Exports from the Tenke Fungurume Mining (TFM) operation, which in 2021 supplied 10% of the world's cobalt, were halted in July 2022 after a row erupted with state miner Gecamines over mineral ...Web
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CMOC pushes back as Congo's Gecamines demands compensation in cobalt
The dispute between the two shareholders began in August 2021 when CMOC announced plans to invest $2.5 billion in expanding Tenke Fungurume, the world's second-biggest cobalt mine.Web
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China's CMOC, Gécamines reach resolution on DR Congo …
CMOC is the world's second-biggest cobalt producer and holds an 80% stake in the Tenke Fungurume Mining (TFM) copper-cobalt ore project in Congo. …Web
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5 Biggest Copper, Cobalt Mines in Africa by Potential Production
The Tenke Fungurume mine is a copper-cobalt project owned by Chinese private holding company CMOC (80%) and DRC state-owned mining company Gécamines (20%). CMOC acquired controlling interests of the mine in 2017 in a $3 billion transaction, and in August 2021, announced plans to double production with a $2.51 billion …Web
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China Moly to double Tenke Fungurume copper, cobalt output
China Molybdenum will invest $2.51 billion to double copper and cobalt production at its giant Tenke Fungurume mine (TFM) in the Democratic Republic of …Web
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