On July 15th, 2017, Tenke Fungurume Mining S.A. (TFM), located in the Lualaba Province in the Democratic Republic of the Congo, experienced an electrical short in a single transformer that supplies the SAG Mill at the Kwatebala plant, resulting in a localized fire, which was quickly extinguished. The event occurred shortly after a normal plant start up, which followed a routine maintenance shutdown. →
Freeport McMoRan’s sale of its 54% stake in the Tenke Fungurume mine to China Molybdenum is more of a step back by the American firm than a Chinese offensive.
Lundin Mining Corp. hired the Bank of Montreal to help consider its options for the Tenke Fungurume copper-cobalt mine Chief Executive Officer Paul Conibear said.