Democratic Republic of the Congo: material confidence in political-economic outlook
- January 18, 2019
- - 1:14 pm
While voters in and observers of the Democratic Republic of the Congo await definitive results from the country’s December 30 presidential election, other interested stakeholders are not. Notably, the Hong Kong-listed China Molybdenum Co. Ltd (CMOC) announced January 18 a $1.14 billion agreement to increase its ownership share of the Congo’s Tenke Fungurume copper and cobalt mining complex. The move signals confidence in the Congo’s policy continuity and outlook no matter the elections dispute and diplomatic pressure against the Congo government. The purchase agreement by China Molybdenum of a 24% stake held by BHR Newwood DRC Holdings will raise its …
Please log in to view this content. If you do not have an account you can request access.