Gatos Silver posts solid 2024, preps takeover by First Majestic
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
China Molybdenum said on Monday it would place its Tenke Fungurume copper and cobalt mine in Democratic Republic of Congo in isolation beginning at noon on Tuesday in response to the coronavirus, according to a note to employees seen by Reuters.
“Only essential services will be organized to maintain the production tool. For that, essential staff will stay on the site and will not be in contact with the outside world,” the note said.
Tenke Fungurume is one of the largest copper and cobalt producers in the Democratic Republic of Congo.
(By Hereward Holland and Aaron Ross; Editing by Chris Reese)
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