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
Namibia becomes party to Luanda Agreement alongside Angola, Botswana, and DRC Initiative aims to counter rising competition from lab-grown...
First crude loading under EACOP planned within five months Heated pipeline linking Uganda to Tanzania is 79 % complete Project is...
The World Bank approved $150 million to improve water and electricity services in Gabon. The project will target service quality,...
SolarAfrica closed 1.5 billion rand ($94 million) in financing for the 114 MW SunCentral 2 solar plant. FirstRand Bank, through Rand Merchant...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
03

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
04

The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...

Togolese Fintech Semoa Wins Full-Service BCEAO License
05

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
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.