Freeport: Still In Talks With Congo Government Over Tenke Project

Date : 01/26/2009 @ 9:20AM
Source : Dow Jones News
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Freeport: Still In Talks With Congo Government Over Tenke Project

LONDON (Dow Jones)

The Tenke Fungurume project is still the subject of talks between its owners and the Congo government, U.S. producer Freeport McMoRan Copper and Gold Inc. (FCX) said Monday.

A contract review for the project, slated to start producing copper in the second half of the year, has been continuing for many months. Tenke is a joint venture between Freeport, Lundin Mining Corp. (LMC) and the government of the Congo, through state-owned miner Gecamines.

-By Andrea Hotter, Dow Jones Newswires; +44 (0)20 7842 9413; andrea.hotter@dowjones.com

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