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One of the largest and most resilient investors in Democratic Republic of Congo, US minerals giant Freeport-McMoRan Copper & Gold (FCX), has announced the sale of its Tenke Fungurume copper and cobalt mine in Katanga to China Molybdenum Company in a $2.65bn deal. Poor economics may finally have persuaded FCX to pull out of DRC, having survived intense political pressure during the years of President Joseph Kabila Kabange’s mining review. The government was not informed before FCX’s 9 May announcement.
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17 January 2023, online
This political risk strategy roundtable – part of the monthly AIX membership programme – will identify a range of upcoming political, commercial and reputational issues, and discuss scenarios to help stakeholders refine their strategies.
As usual with AIX meetings, the roundtable will be held under the Chatham House Rule.
The meeting is free for all AIX members and African Energy subscribers.