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Home CHINA AFRICA NEWS

China’s Enhances Its Dominant Role in the Congolese Mining Sector With Massive New $2.5 Billion Investment

by 198 China News
August 9, 2021
in CHINA AFRICA NEWS
2 min read
0
China’s Enhances Its Dominant Role in the Congolese Mining Sector With Massive New $2.5 Billion Investment
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File picture of the processing plant at China Molybdenum’s Tenke Fungurume mine within the Democratic Republic of the Congo.

The state-owned China Molybdenum Co (aka China Moly) just lately introduced an enormous new $2.5 billion funding in its Tenke Fungurume mine (TFM) in southeastern DR Congo that goals to double its copper and cobalt output, important uncooked supplies used to fabricate batteries for electrical automobiles.

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Tags: billionChinasCongoleseDominantEnhancesInvestmentMassiveMiningRoleSector
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