Freeport investors in DRC limbo as Tenke mine sale drags on

Freeport-McMoran investors have been learning the difficulties of doing business in the Democratic Republic of Congo, where even trying to leave can be an exercise in frustration. On May 9, the world’s largest publicly traded copper producer announced it would sell its 56% stake in the Tenke Fungurume copper and cobalt mine to China Molybdenum for $2.65-billion. Now, 136 days later, the deal is still up in the air.