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
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
29 African currencies weaken amid Middle East war, oil surge Rising import costs, debt pressures fuel inflation, food risks Institutions urge...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expand into banking, intensifying competition with...
Government suspends non-essential foreign travel for ministers and senior officials Brent crude at $115 far exceeds $62 budget...
Government plans N$78 million ($4.6 million) to expand telecom access in underserved areas Funds will support new towers and public Wi-Fi in...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...