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Kamoa Copper SA
The renovation of Inga II's Turbine 5 will add an estimated 162 megawatts (MW) of hydropower generation capacity.
The extension of this agreement builds on the framework agreed in the MoU signed with SNEL and announced in April 2021.
Its Phase 2 concentrator of the expansion to 7.6 Mtpa is more than 35% complete and well on track to begin operations in Q3 2022.
The agreements with CITIC Metal and Gold Mountains include both concentrate exports (60%) and blister copper ingots from LCS (40%).
The agreement follows Ivanhoe Mines and CNMC entering into a strategic partnership with LCS on 18 August, 2020.
Kamoa Copper S.A.’s concentrator C4 commissioning phase is expected to commence between the end of May and early June 2021.
Kamoa-Kakula will join the elites of copper mine producers across the globe when it transitions from development into production.
DRC Mining Week 2018 was a success and saw all major copper/cobalt producers attend– a clear demonstration on the value they place in the conference.