Gecamines 'strongly opposed' to Lundin's Tenke mine stake sale: Reuters
Congo state miner Gecamines said it is "strongly opposed" to a decision by Lundin Mining Corp to sell a 24 percent stake in the Tenke copper mine to a Chinese private equity firm, arguing it has a preemptive right to buy the stake, Reuters reported. Canada's Lundin announced this week it had agreed to sell its stake in the project in the Democratic Republic of Congo to BHR Partners for about US$1.14 billion in cash.
17 November 2016•2 mins read
