KINSHASA Dec 9 The appointment of a temporary
administrator to run the Tenke copper has been blocked by an
appeals body, the mine said on Friday, removing a hurdle to a
takeover by China Molybdenum.
China Molybdenum agreed in May to pay $2.65 billion for a 56
percent stake in the mine owned by Freeport McMoRan.
However, state miner and minority shareholder Gecamines
challenged the sale, saying its right to buy the stake was not
respected, and called for a temporary administrator to be
(Reporting by Aaron Ross; editing by Edward McAllister and