Gecamines to Purchase OM Group’s Big Hill Project

Bloomberg reported that talks are almost finished between Gecamines and George Forrest Group to purchase  OM Group Inc.’s Big Hill project.

As quoted in the market report:

Gecamines and closely held George Forrest Group are also near to wrapping up talks with Cleveland-based OM Group (OMG) to take over its stake in the so-called Big Hill project, an operation which refines cobalt tailings in Lubumbashi, the capital of Katanga province, Kalej said.

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