Announced
Financials
Tags
General Mining
Private
Acquisition
copper mining
Friendly
cobalt mining
Pending
Congo (Democratic Republic of the)
Minority
Single Bidder
Cross Border
Synopsis
Contemporary Amperex Technology, a Chinese battery maker, agreed to acquire a 25% stake in the Kisanfu copper-cobalt mine in the Democratic Republic of Congo from China Molybdenum, the largest molybdenum producer in Mainland China, for $137m. A broad strategic partnership between the two companies will see them cooperate in nickel, including in Indonesia where they both have projects, as well as in global acquisitions, investments and development of lithium.
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