China Nonferrous Metal Mining to Buy Copper Assets in DRC for $ 2 Bln

SHANGHAI, Aug. 18 (SMM) – China Nonferrous Metal Mining may invest $ 2 billion in the most promising copper assets in Democratic Republic of Congo, the country’s state-owned mining company Gecamines said.

MMG Reports Losses in H1 2016 with Focus Narrowing to Copper

China Nonferrous Metal Mining will invest to build a 80,000-tpy copper plant and take 51% stake in the plant. The plant will be constructed in two phases and copper production will increase at a pace of 200,000 tonnes per year in the second phase of the plant.  

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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.