Congo clears Tenke copper-cobalt project

Nov 02, 2005 | 08:52 AM | Phillip Price

The government of the Democratic Republic of Congo (DRC) has approved the development of the Tenke Fungurume copper-cobalt project in Katanga province.

Phelps Dodge Corp., Phoenix, said Wednesday it had exercised its option to take a controlling interest in the project. A draft feasibility study on Tenke prepared by Kilborn SNC Lavalin suggested that an open-pit mine could support annual production of 100,000 tonnes of copper and 8,000 tonnes of cobalt, with....

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