Tenke Fungurume Mining SA (TFM) is one of the largest copper and cobalt producers in the Democratic Republic of Congo (DRC).

As of 2018, Tenke Fungurume Mining has paid over $2.5 billion (USD) in payments to the public treasury and other administrative services since project inception in 2006, and currently employs over 8,000 Congolese citizens as either employees or contractors on a full-time basis.

[2] On May 9, 2016, Freeport-McMoRan announced its intention to sell its stake in the Tenke project to China Molybdenum Co. for $2.65 billion in cash, to help reduce its debt.

[3] The minority stakeholder in TF Holdings Limited, Lundin Mining, had a 90-day right of first refusal, which it extended multiple times as it considered its options.

In addition, Lundin announced an agreement to sell its interest in TFM to an affiliate of BHR Partners, and waived its right to acquire Freeport-McMoRan's stake.

[8] The deal was strongly supported by prime minister Matata Ponyo Mapon in 2016, who praised China Molybdenum as a "solid partner".

[9] On the other hand, the deal was initially opposed by the state owned Gécamines, which filed a lawsuit in international courts to block both acquisitions,[10] but dropped its objections in January 2017 after reaching an agreement for $100 million in compensation and additional control over future sales of equity in the mine.

Through the production of copper cathode and cobalt hydroxide, TFM provides metals crucial to the transportation, communications, construction, computers, medical science and many emerging technologies.