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
Ghana ordered major miners to transfer operations to local contractors by December 2026. Authorities aim to build national mining champions capable of...
Desert Gold launches 4,250m drilling at SMSZ project in Mali Program targets resource expansion across five priority prospects Campaign supports...
Egypt signs $8M deal for textile plant in SCZone Factory to create 700 jobs, export 90% of output Investment supports textile export growth...
Government orders talks to set “fair” Jet A1 prices Fuel costs jump nearly 267% in two months, straining airlines Sector warns of flight disruptions...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
05

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
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.