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Amid these developments, African Mining Week will connect global investors with the DRC's rapidly evolving cobalt sector and its broad array of high-return opportunities.
Meanwhile, China’s CMOC Group, the world’s top cobalt producer, achieved record-breaking production in 2024 from its Tenke Fungurume and Kisanfu mines and is on track to exceed those volumes in 2025, ...
In the middle of a trade war, Congo is trying to woo Trump’s White House without risking critical investment from Beijing.
In 2016, the American company Freeport-McMoRan sold one of the world’s most valuable copper and cobalt mines, Tenke Fungurume (TFM), to China Molybdenum Company (CMOC). It is the largest cobalt mine ...
Four years later, it also offloaded its share of the Kisanfu mine to the Chinese miner for US$550 million.
In the Democratic Republic of Congo, industrial and artisanal mining of cobalt and copper, essential for battery-powered technologies, poses risks to the reproductive health of women, preliminary ...
CMOC continues to expand its presence in central Africa’s copper belt, initiating preliminary exploration work in the western area of its Tenke Fungurume mine and phase two of the Kisanfu project.
Preliminary exploration work has started for the western area of its Tenke Fungurume mine, and also for phase two of its Kisanfu project, it said.
Cobalt mining involves child labor, environmental damage, China's dominance, and the need for ethical sourcing.
It could produce up to 70,000 tonnes, thanks to the new Kisanfu mine. In 2019, the DRC and China were responsible for about 70 percent of global production of cobalt and 60 percent of rare earths.