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CRU/CESCO-Congo wrapping up mining review-Gecamines

Thu Apr 2, 2009 2:12pm EDT

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SANTIAGO, April 2 (Reuters) - The Democratic Republic of Congo is on the verge of finalizing mining contract agreements, including the massive Tenke-Fungurume project owned by Freeport-McMoRan FCX.TO and Lundin Mining (LUN.TO), an official with the state-owned DRC miner said on Thursday.

"Tenke will be resolved in a few weeks ... It will not be changed drastically," Dieudonne Nduwa Mudikita, an executive director of state-owned Gecamines, said in an interview on the sidelines of the CRU/CESCO copper conference in Santiago.

Mudikita said final talks with Katanga Mining (KAT.TO) were also in progress, and the state miner would then aim to finalize the new contract with First Quantum Minerals (FM.TO). (Reporting by Cameron French and Reese Ewing)



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