Gécamines denies Kipoi copper sale to Australia’s Tiger Resources

Apr 11, 2012 | 09:40 AM |

Gécamines, the state-owned miner in the Democratic Republic of Congo (DRC), has denied reports that it is selling its 40% stake in the Kipoi copper and cobalt project to Australia-listed junior miner Tiger Resources. Tiger Resources, which owns a controlling 60% stake in Kipoi, near Lubumbashi in the country’s Katanga province, said in March that a deal to buy Gécamines’ 40% stake would be concluded by mid-2012. Tiger md Brad Marwood....

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