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China’s CMOC Sets Its Sights on Bold Mergers and Acquisitions in Africa

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 In a daring and strategic move to bolster its presence in the dynamic global mineral market, the Chinese mining powerhouse CMOC Group is launching an ambitious expansion of its mergers and acquisitions strategy, with a sharp focus on the mineral-rich landscapes of Africa and South America.

This enterprising initiative seeks not only to diversify the company’s portfolio but also to secure a stable supply of vital minerals essential for powering a range of high-tech industries, from cutting-edge electronics to renewable energy solutions.

Recent financial reports reveal an encouraging narrative, showcasing a remarkable 60.1% surge in net profit during the first half of the year.

This robust financial performance provides CMOC with a desirable position to pursue strategic acquisitions with renewed vigor.

Following the successful integration of Lumina Gold into its ranks, CMOC is now setting its sights on acquiring prime assets in molybdenum and tungsten—two critical minerals that are instrumental in advanced manufacturing, aerospace innovations, and electronic device production, thereby reinforcing the very backbone of modern supply chains.

Industry analysts are keenly monitoring these developments, noting that this expansion underscores China’s resolute commitment to securing access to strategic resources within emerging markets.

Africa, in particular, shines as a focal point for investment, teeming with a treasure trove of minerals increasingly coveted by global industries.

CMOC’s extensive operations across the continent encompass some of the world’s largest and most productive copper and cobalt mines, which are indispensable for the thriving electric vehicle and renewable energy sectors.

By intensifying its acquisition strategy, CMOC aspires not only to enrich its mineral reserves but also to fortify its strategic positioning in an intensely competitive global arena—one where securing reliable supply chains for critical minerals is not merely advantageous but essential for sustained growth and innovation.

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