The Congolese government has dropped objections to Freeport-McMoRan Inc. and Lundin Mining Corp.’s $3.8 billion combined sales of one of the country’s biggest mines to Chinese companies, bringing an end to an eight-month dispute.
Minister of Mines Martin Kabwelulu said by text messages that he had written to all parties acknowledging agreements reached by state-owned miner Gecamines to settle objections to the sales and indicating the state had no further opposition.
