DRC DEVELOPMENT
Project developer Ivanhoe Mines on Tuesday reported that “positive discussions” with the government of the Democratic Republic of Congo (DRC) continued after the company recently sent a high-level delegation to the country to address any “misunderstandings” that might exist between itself and the government following the company’s announcement to sell nearly half of the Kamoa copper project to a Chinese miner. Shortly after the $412-million deal to sell a 49.5% stake in the Kamoa copper project to Zijin Group was announced, the DRC government, which owned a 5% minority stake in the project, billed as the world’s largest undeveloped copper deposit, reportedly said it was sidestepped in discussions between shareholders.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access