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  • Congo miner challenges Freeport sale of Tenke mine in international court 2016-10-19
    Democratic Republic of Congo state miner Gecamines has challenged Freeport McMoRan Inc's sale of its majority stake in the Tenke copper mine at the International Court of Arbitration in Paris, Gecamines said on Wednesday. Gecamines Secretary-general Deogratias Ngele told Reuters that Gecamines had asserted a right of first offer following Freeport's agreement in May to sell its 56% stake in Tenke, one of the world's largest copper mines, to China Molybdenum for $2.65-billion.
  • Ecuador approves EIS for Lundin Gold’s Fruta del Norte project 2016-10-14
    The government of Ecuador has approved the environmental-impact statement (EIS) for TSX- and Nasdaq Stockholm-listed Lundin Gold’s Fruta del Norte project. “This is a significant accomplishment for the company and the development of Fruta del Norte. The next and final step in the environmental approval process, paving the way for proceeding with the development of the project, is the granting of the environmental licence, a procedural process expected to be completed over the next few weeks.
  • Freeport’s Congo mine sale faces more objections from Gecamines 2016-09-23
    Gecamines, the State-owned miner in the Democratic Republic of Congo, said any decision by Lundin Mining to also withdraw from the Tenke Fungurume copper mine could present another obstacle to Freeport McMoRan’s proposed sale of its stake in the project. By exiting at the same time and transferring full ownership of the project to new parties without securing Gecamines’ approval, Lundin and Freeport would be further violating the state-owned miner’s rights, Chairman Albert Yuma said by e-mail Friday. Gecamines must be permitted to match the offers for the stake, or it could stop any deal going through, he said.
  • Lundin gets another extension on right of first refusal to Freeport’s Tenke Fungurume 2016-09-15
    Diversified Canadian base metals miner Lundin Mining got a two-week extension to its right of first refusal on US diversified miner Freeport McMoRan’s (FCX’s) 70% indirect interest in TF Holdings, which holds 80% of the world-class Tenke Fungurume copper/cobalt mine, in the Democratic Republic of Congo. This is the second time Lundin won an extension on a bid deadline, after being notified by FCX on May 9 that it could acquire Freeport's indirect interest in TF Holdings at the same purchase price and on the same terms and conditions as an offer tabled by China Molybdenum (CMOC) for $2.65-billion in cash.
  • Congo State miner submits offer for Freeport's Tenke copper project 2016-09-07
    Democratic Republic of Congo's State mining company Gecamines has submitted an offer to buy Freeport McMoRan's majority stake in the Tenke copper project, Gecamines' interim director-general Jacques Kamenga told Reuters on Wednesday. Freeport agreed in May to sell its 56% stake in Tenke, one of the world's largest copper mines, to China Molybdenum for $2.65-billion.

Galmoy Information

  • General 2015-05-10
    Execution of the approved mine closure plan is currently underway. Milling ceased in May 2009 and the mill has been sold. Mining of remnant high grade ore continued until October 2012. All mined ore has been transported to an adjacent mine and stockpiled for treatment during 2013. Production tonnage is based on a 50% attributable-share to Lundin Mining.

Nearby Locations

Nearby Location News

  • Vedanta Marks Final Shipment from Lisheen Mine in Ireland 2016-01-25

    MUMBAI, India, Jan. 25, 2016 /PRNewswire/ -- Vedanta Ltd's Lisheen Mine marked its final shipment of zinc on Thursday 21 January 2015. Mining activity at the Lisheen Mine was concluded in November 2015, whilst milling ceased in December 2015, after 17 years of operation. Logo:...

  • Vedanta marks final shipment from Lisheen Mine 0000-00-00
    Market News alert Vedanta Resources PLC

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