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Copper, cobalt and more from the DRC: the DRC is a landmass the size of Western Europe with one of the world's largest copper deposits. There is political risk aplenty but there is also promise of change, writes Priscilla Ross.(Construction)
LUNDIN MINING AND Tenke Mining are to merge. Lundin Mining, a European copper and zinc producer has agreed to purchase Canadian Tenke Mining Corp for about C$1.54bn (U$1.34bn) to gain cobalt, copper and gold operations in Africa and South America.
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The Tenke Fungurume copper/cobalt deposit located in Katanga province, Democratic Republic of Congo (DRC), which is one of the world's largest undeveloped copper deposits has site infrastructure and process facility layouts designed for significant expansion. Tenke's has a 24.75 per cent interest in the Tenke Fungurume copper/cobalt deposits. Their operating partner is the major Freeport-McMoran Copper & Gold (formerly Phelps Dodge) which holds 57.75 per cent of the equity and La Generate des Carriers et des Mines, the DRC state mining company holds the rest of the 17.5 per cent equity.
A 40-year mine plan has been developed and construction…
- Tenke Mining to Merge with Lundin Mining.
- Press release article from: M2 Presswire April 11, 2007 700+ words
...respectively, of Lundin Mining. Tenke holds...interest in the Tenke Fungurume copper...will join Lundin Mining in a senior...development of the Tenke Fungurume project...and CEO of Lundin Mining, commented, "The Tenke Fungurume project will...
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- Newspaper article from: Nordic Business Report April 12, 2007 700+ words
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- Press release article from: M2 Presswire January 17, 2008 700+ words
...OMX: LUMI). Lundin Mining Corporation is a rapidly...zinc. In addition, Lundin Mining holds a development...includes the world class Tenke Fungurume copper/cobalt project...For future reports on Lundin Mining Corporation and other...
- Review for Lundin Mining Corporation.
- Press release article from: M2 Presswire February 28, 2008 700+ words
...February 28, 2008 Lundin Mining Corporation (Toronto...in recent guidance. Lundin Mining Corporation is a rapidly...zinc. In addition, Lundin Mining holds a development...includes the world class Tenke Fungurume copper/cobalt project...
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- Press release article from: M2 Presswire July 23, 2007 700+ words
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- Review of Lundin Mining Corporation vs Current Market.
- Press release article from: M2 Presswire December 19, 2007 700+ words
...facilities of the Exchange. Lundin Mining is a rapidly growing...Spain. In addition, Lundin Mining holds an extensive...as the world class Tenke Fungurume copper/cobalt project...future news release of Lundin Mining Corporation as they...
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- Press release article from: M2 Presswire June 5, 2009 700+ words
...of documentation. About Lundin Mining Corporation Lundin Mining Corporation is a diversified...and zinc. In addition, Lundin Mining holds a development project...stake in the world class Tenke Fungurume copper/cobalt project in...
- Consolidated Eurocan Ventures Ltd. Reports on Tenke Fungurume.
- Press release article from: Business Wire August 15, 1996 700+ words
...Company") is pleased to report on the Tenke Fungurume copper/cobalt project. The Company...Adolf H. Lundin's interest in the Tenke Fungurume deposit in Zaire. Over the past 2...complex will begin shortly thereafter. TENKE FUNGURUME Tenke Fungurume is a 278 square ...
- Phelps Dodge Conditionally Approves Tenke Fungurume Copper/Cobalt Mining...
- Press release article from: PR Newswire December 6, 2006 700+ words
...the initial mining project at the Tenke Fungurume copper/cobalt concession in the...electricity provider. The initial Tenke Fungurume project will include development of...mining company, 17.5 percent. Tenke Fungurume is considered to be one of the largest...
- Phelps Dodge Exercises Option for Tenke Fungurume Copper/Cobalt Project.
- Press release article from: PR Newswire November 2, 2005 700+ words
...company controlling interest of the Tenke Fungurume copper/cobalt mining project in...following ownership positions in the Tenke Fungurume project: Phelps Dodge, 57.75 percent...acted to permit development of the Tenke Fungurume project," said J. Steven Whisler...
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