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In the middle of a trade war, Congo is trying to woo Trump’s White House without risking critical investment from Beijing.
Four years later, it also offloaded its share of the Kisanfu mine to the Chinese miner for US$550 million. The two acquisitions more than doubled CMOC's cobalt ... of Beijing's Belt and Road ...
Soaring output at the $1.8 billion Kisanfu mine helped trigger a sharp slump in cobalt prices last year, alongside rising production in Indonesia and a rebound in exports from CMOC’s other ...
Chief Executive Bryce Crocker said Jervois’s cobalt in Idaho couldn’t be mined profitably. The Kisanfu mine, now the world’s ...
CMOC Group boosted cobalt production at its mines in the ... as it ramped up copper production at its Tenke Fungurume and Kisanfu mines in Congo. The Congo government has said it could either ...
In 2020, the company purchased a 95% stake in the Kisanfu mine in the DRC from Freeport-McMoRan Inc (NYSE:FCX) for $550 million, which produces copper and cobalt. In 2022, CMOC Group Limited ...
China's CMOC Group overtook Glencore to become the world's largest producer of cobalt last year as it ramped up its new Kisanfu mine in the Democratic Republic of Congo. Kisanfu, in which Chinese ...
Jervois Global, which dug the mine into the side of a nearly 8,000-foot (2,400-meter) mountain, watched helplessly last year as cobalt prices plunged after China's CMOC Group opened the Kisanfu ...