CATL, CMOC sign co-operation deal to develop Kisanfu copper-cobalt project

Chinese battery maker Contemporary Amperex Technology's (CATL) indirectly controlled subsidiary Ningbo Brunp Times New Energy will acquire a 25% share of China Molybdenum Co's (CMOC) KFM Holding Ltd to develop Kisanfu copper-cobalt project together, CATL said on Sunday April 11.

CMOC Ltd, a wholly-owned subsidiary of CMOC, signed a strategic co-operation agreement with Ningbo Brunp Times New Energy on Saturday worth $137.50 million to "establish a comprehensive strategic partnership for the new energy sector."
Under the agreement, CMOC Ltd will continue to hold a 75% stake in KFM Holding Ltd. KFM has a 95% stake in Kisanfu copper-cobalt project in the Democratic Republic of the Congo (DRC).

According to the agreement, CMOC Ltd and Brunp...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold