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Gecamines Buys Out JV Partner, Intends to Build $1.5 Billion Processing Plant
Jan. 14, 2013 10:11AM PST
Base Metals Investing
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 buyout of a joint venture partner.
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.
