Mining

DRC: Failure at KOV mine results in five missing and two dying

Wednesday, 09 March 2016 18:00

Katanga Mining, subsidiary of Swiss Giant Glencore, said on Tuesday March 8, 2016, that as a result of a geotechnical failure at its KOV open-pit project in Democratic Republic of Congo, two miners died and 5 others were reported missing. The company also revealed that the failure caused an unknown amount of damage to the dewatering infrastructure in the pit.

The firm mobilized its research and rescue team to find the missing workers and assess damages and valorization of the infrastructure.

The accident occurred while miners were working on dewatering the pit. In 2007, dewatering was initiated after the mine then inactive was flooded, by 10 to 12 cubic meter of water.

In September last year, the Company decided to stop processing copper and cobalt in DRC, for 18 months, and continue investing up to $880 million into on-going processing plants upgrades and stripping of KOV and Mashamba open pits by establishing a new leach plant.

The KOV mine is the world’s biggest source of high-quality copper. It contains four ore bodies namely, Kamoto East, Oliveira, Virgule and FNSR, accessible via the Kamoto East and KOV pits. With it, Katanga Mine produced in 2015, 225,000 tons of copper and cobalt for a turnover of $670 million.

Louis-Nino Kansoun

On the same topic
Zimbabwe limits 10% gold royalty to prices above $5,000/oz from 2026 Caledonia says financial balance depends on gold staying below that...
Libreville announces a broad review of mining contracts and payments Audit aligns with talks toward a possible IMF financing program Move...
Chad requests technical and institutional support from Algeria Talks focused on skills transfer, with no investment deals announced Hydrocarbons...
In the wake of rising gold prices, several mining companies are accelerating the development of new projects. In Zimbabwe, U.S.-based Namib Minerals...
Most Read
01

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
02

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
03

Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...

Airtel Africa Partners With SpaceX to Roll Out Starlink Direct-to-Cell
04

Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...

Fitch Says Côte d’Ivoire Has “Left Political Risk Behind” as Rating Upgrade Highlights Strengthening Fundamentals
05

WAEMU foreign exchange reserves rose to about $33 billion by end-October 2025. Import cover ...

WAEMU reserves rebound, lifting import cover to six months
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.