Chinese company to pay DR Congo state miner $2 billion over cobalt dispute

The Democratic Republic of Congo is Africa's largest mineral producer, and supplies over 70 percent of the world's cobalt. PHOTO | COURTESY

What you need to know:

  • The CMOC-owned Tenke Fungurume mine was slapped with an export ban from July 2022 to April, after minority shareholder Gecamines accused the Chinese group of withholding information about the size of reserves at the mine.