Congo Hoards $1.5 Billion Mountain of Copper and Cobalt

GALWAY, IRELAND--March 3, 2023--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--A massive hoard of copper and cobalt worth up to US$1.5 billion continues to be stockpiled at one of the world's biggest mines in the Democratic Republic of Congo (DRC) as a bitter row continues between mine owner Chinese mining giant China Molybdenum Company Limited (CMOC) (Beijing, China) and state-owned mining company, Gecamines SA (Lubumbashi, DRC), which is a minority stakeholder in the Tenke Fungurume Mine (TFM).

Within this article: Details stockpiling of copper and cobalt in Congo mine dispute, value, legal battle blocking exports, impact on projects