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Home / Metal News / CNMC to Invest $2 Bln in Congo Copper Assets

CNMC to Invest $2 Bln in Congo Copper Assets

iconAug 16, 2016 11:31
Source:SMM
China Nonferrous Metal Mining (Group) Co. (CNMC) is expected to invest $2 billion in Gecamines’ copper resources.

SHANGHAI, Aug. 16 (SMM) - China Nonferrous Metal Mining (Group) Co. (CNMC) is expected to invest $2 billion in Gecamines’ copper resources, which is considered as the company’s most promising mine, according to wallstreetcn.com.

CNMC will hold a 51% stake in Gecamines’ copper plant with initial output of 80,000 tonnes per year.

Gecamines is the largest mining company in the Democratic Republic of Congo, and its copper output peaked in 1990 at 465,000 tonnes. Congo is Africa's leading copper producer.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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China Nonferrous Metal Mining (Group) Co.
Gecamines

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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