Gecamines Buys Out JV Partner, Intends to Build $1.5 Billion Processing Plant

Reuters reported that Congo’s Gecamines has announced plans to build a $1.5 billion plant to process the output from two copper mines, recently acquired through a with an estimated 5 million tonnes of ore.

As quoted in market report:

Gecamines concluded a deal on Jan. 11 to purchase British Virgin Islands-registered Copperbelt Minerals Limited’s 68 percent stake in the Deziwa and Ecaille C projects in Congo’s mineral-rich Katanga province.

To view the whole Reuters report, click here.

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Copper Fox Metals Inc.

In 2014 Copper Fox Metals Inc. (TSXV:CUU) added approximately 1.8 billion pounds of copper as well as 140,000 ounces of gold contained within the Inferred resource category to its metal holdings. Connect with this company that’s on the move!Learn More
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