Chinese mining company CMOC suspends copper and cobalt exports in DRC

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Chinese mining company CMOC suspends copper and cobalt exports in DRC
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DRC has accused CMOC of understating the mine’s reserves of copper and cobalt

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China Molybdenum Company’s Tenke Fungurume copper and cobalt mine has suspended all exports, logistics companies were told in a notice at the weekend, complying with demands by a court-appointed administrator.

CMOC has been locked in dispute with the administrator appointed in February to run the mine for six months in response to a lawsuit by the Democratic Republic of Congo’s state miner Gecamines, a minority stakeholder in Tenke Fungurume.

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