KINSHASA Oct 19 Democratic Republic of Congo
state miner Gecamines has challenged Freeport McMoRan Inc's
sale of its majority stake in the country's Tenke copper
mine at the International Court of Arbitration in Paris,
Gecamines said on Wednesday.
Gecamines Secretary-general Deogratias Ngele told Reuters
that Gecamines had asserted a right of first offer following
Freeport's agreement in May to sell its 56 percent stake in
Tenke, one of the world's largest copper mines, to China
Molybdenum Co Ltd (CMOC) for $2.65 billion.
He declined to provide further details about the complaint.
Gecamines, which controls a 20 percent stake, has previously
objected to Freeport's sale, which it says it was not informed
Gecamines also said last month it had submitted an offer to
buy Freeport's majority stake without providing details.
Freeport did not respond to a request for immediate comment.
It has previously denied that Gecamines has a right of first
offer for Tenke.
Toronto-based Lundin Mining, which holds a 24 percent stake,
has until Thursday to exercise its right of first offer before
the sale to CMOC goes through.
(Reporting by Aaron Ross; Editing by Jason Neely and Mark