Gecamines Seeks Bids for Cobalt Stake in Tenke Fungurume Mine
The Democratic Republic of Congo’s (DRC) state miner, Gecamines, is looking to sell its share of cobalt from a joint venture project as the country aims to assert greater control over metals crucial to the energy transition. Gecamines has invited bids for its portion of cobalt output from CMOC Group’s Tenke Fungurume mine, where it holds a 20% interest, according to sources familiar with the matter. This marks the first time the state-owned company is marketing its cobalt share, previously managed by joint ventures, one of the sources disclosed, requesting…
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