The Autonomous Republic of Congo’s state miner Gecamines is providing $1-million to get cobalt and copper possessions of indebted mining company Chemaf to avoid China from boosting its control of vital steels in the nation, 2 resources acquainted with the information informed Reuters. Chemaf, a companion of assets investor Trafigura, accepted market its copper and cobalt possessions to Chinese protection and commercial titan, China North Industries Corp, or Norinco in June.
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