Mining

DRC: New Copper Concentrator Commissioned at Kamoa-Kakula Mine

DRC: New Copper Concentrator Commissioned at Kamoa-Kakula Mine
Tuesday, 11 June 2024 18:18

Kamoa-Kakula, the largest copper mine in the DRC and Africa, is expected to produce a maximum of 490,000 tonnes of concentrate in 2024. Its owners recently commissioned a new copper concentrator, aiming for an annual output of over 600,000 tonnes by 2025.

Commissioned last month, the Kamoa-Kakula project’s third copper concentrator is online. Ivanhoe Mines, which owns the project, announced on June 11.  According to the Canadian firm, the concentrator should enter commercial production in Q3 2024.

With this new processing unit, Kamoa-Kakula should become the third-largest copper mine in the world by 2025, behind the Escondida (Chile) and Grasberg (Indonesia) mines. The Congolese complex now has a production capacity of over 600,000 tonnes of copper per year, helping keep the DRC among the leaders in the sector.

Ultimately, Ivanhoe and its JV partners want to make Kamoa-Kakula the world’s second-largest copper mine, with a total production of over 800,000 tonnes. A fourth concentrator with an annual processing capacity of at least 5 million tonnes of ore is already under consideration by the mine's engineers.

Ivanhoe Mines and China's Zijin Mining each hold a 39.6% interest in Kamoa-Kakula, while the Congolese government holds a 20% stake. The complex is expected to produce between 440,000 and 490,000 tonnes of copper concentrate by 2024.

From 2021 to 2023, the DRC moved from being the fourth biggest copper producer to the second.

Emiliano Tossou

On the same topic
• Record drought tests Zambia's dependence on hydropower, impacting its vital mining industry • Adoption of dedicated solar projects, such as the recent...
• Blue Gold, active in Ghana with the Bogoso project, looks to grow its portfolio by potentially acquiring gold projects in West Africa.• CEO Andrew...
UK, Kenya, and Singapore launch coalition to restore trust in voluntary carbon markets. Market value plummeted by over 70% since 2021 amid...
Libya signed a deal with TPAO to restart offshore exploration across four maritime zones The NOC is marketing 22 blocks and shifting to more...
Most Read
01

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
02

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
03

• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...

Gates Foundation Pledges $1.6 Billion to Gavi to Boost Global Child Vaccination
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

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.