TENKE FUNGURUME

Congo Weighs Extension of Cobalt Export Ban to Stabilize Prices

March 22, 2025March 22, 2025 - by Aisha Khoury - Leave a Comment

Congo is contemplating an extension of its cobalt export ban to stabilize market prices following a significant drop in cobalt prices. Since the ban, prices have risen over 50%. The …

Congo Seeks Saudi Mining Investors to Diversify from Chinese Dominance

January 14, 2025January 14, 2025 - by Ravi Patel - Leave a Comment

The Democratic Republic of Congo is actively courting Saudi Arabian mining investors to diversify its investment sources and reduce reliance on Chinese firms. Senior official Marcellin Paluku voiced concerns over …

Gecamines Aims to Block Chinese Acquisition of Chemaf Amid Financial Turmoil

November 22, 2024November 22, 2024 - by Liam O'Sullivan - Leave a Comment

Congo’s Gecamines has proposed a $1 million bid to block Chinese firm Norinco’s acquisition of Chemaf’s cobalt and copper assets. This situation arises amidst Chemaf’s financial struggles, with debts reaching …