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
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Toyo Engineering Corporation holds talks with Tanzanian authorities to build a fertilizer plant producing ammonia and urea. Tanzania depends...
Sonoco secures a $20 million loan from the IFC to develop an integrated poultry project. Guinea’s poultry sector remains underdeveloped, with...
Senegal mobilized 304.15 billion CFA francs ($533 million), exceeding its CFA200 billion target. The offering attracted strong demand with a 152%...
West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. The strategy relies on borrowing, securitization,...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...