As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year.
Bullion is now 18% higher for the year, boosted by anticipation of Fed loosening as well as significant buying by central banks.
The planned Grand Inga hydropower complex in the DRC has been stalled for decades.
