Canadian Mining Journal

  • News

    COPPER: Lundin raises $1.1B through Tenke sale to Chinese

    November 15, 2016 by Canadian Mining Journal

    DEMOCRATIC REPUBLIC OF CONGO – Toronto’s Lundin Mining Corp. has sold its 24% interest in the Tenke Fungurume copper-cobalt mine for $1.14 billion to a private Chinese equity firm, BHR Partners. The agreement includes a contingent consideration of up to

  • News

    Freeport to sell Tenke stake for US$2.7B

    May 12, 2016 by Canadian Mining Journal

    VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been working to reduce its sky-high debt loads, and on May 9 it made the deepest cut to date. The company has agreed to sell its 56% stake in the US$3-billion Tenke Fungurume copper-cobalt mine in