Recent events
Recent events tied to this brand in public sources.
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2021
CMOC announces acquisition of Woyuan Holdings
CMOC said that, through its wholly owned Hong Kong subsidiary, it would acquire 100% of Woyuan Holdings for $11.2587 million or equivalent. The proposed transactions would leave CMOC indirectly holding 21% of Huayue Nickel Cobalt; the source does not state that the acquisition was completed.
2020
CMOC completed acquisition of a 95% interest in the Kisanfu copper-cobalt project
CMOC said its subsidiary NREIT completed the purchase of all shares in Jenny East and Kisanfu from FMEC, giving CMOC a 95% interest in the Kisanfu copper-cobalt project, for total consideration of US$550 million.
2020
Luoyang Molybdenum reports first-half results
Luoyang Molybdenum reported that first-half revenue increased 368.44% year over year while net profit excluding non-recurring items fell 27.21%.
2020
Luoyang Molybdenum recognized for overseas corporate responsibility
Luoyang Molybdenum was named an “Overseas Responsibility Enterprise” in the 2020 Golden Bee Corporate Social Responsibility China榜. A community-livelihood project by its subsidiary TFM was also included in the 2020 Golden Bee Responsibility Competitiveness Case Collection.
2019
CMOC announces proposed investment in Huayue Nickel Cobalt
CMOC announced a proposed investment in Huayue Nickel Cobalt in Indonesia. The proposal includes its wholly owned subsidiary acquiring 100% of Woyuan Holdings and Woyuan acquiring a 10% stake in Huayue Nickel Cobalt from IMIP, resulting in CMOC indirectly holding 21%. After the share transfers, CMOC proposes to increase its stake to 30% through a capital increase of up to US$69.1 million.
2019
Luoyang Molybdenum completes acquisition of a 24% interest in TFM
Luoyang Molybdenum announced that its wholly owned subsidiary CMOC Limited completed the purchase of all shares in BHR Newwood DRC Holdings Ltd held by BHR Newwood Investment Management Limited, thereby acquiring indirectly held 24% equity in Tenke Fungurume Mining S.A.