Zijin News - Kamoa Copper SA – the joint venture between Zijin Mining Group, Ivanhoe Mines, and the Government of the Democratic Republic of Congo (DRC) – has been fully authorized to commence exports of copper concentrate.

The company has also signed copper concentrate and blister copper off-take agreements on competitive arm’s-length commercial terms with CITIC Metal (HK) Limited and Gold Mountains (H.K.) International Mining Company Limited, for 100% of Kamoa-Kakula’s Phase 1 copper output.

CITIC Metal (HK) and Gold Mountains (H.K.) will each buy 50% of the copper products from Kamoa-Kakula’s Phase 1 production.

The off-take agreements contain standard, international commercial terms, including copper payables and treatment and refining charges based on the annual benchmark across the copper industry.

Kamoa-Kakula’s Phase 1 project, with a capacity of 3.8 Mtpa, was commissioned on May 25, and will produce about 200, 000 tonnes of copper every year.

The ultra-high-grade, clean concentrate produced by Kamoa-Kakula is expected to contain approximately 57% copper and very low levels of impurities. According to its production plan, Kamoa-Kakula will produce copper concentrate containing 80, 000 to 95, 000 tonnes of copper in 2021.

On May 31, 2021, Kamoa Copper signed a 10-year agreement with the Lualaba Copper Smelter, about 40 kilometers away from its mine site, for the processing of a portion of its copper concentrate production, to produce 99% blister copper. Kamoa Copper delivered its first copper concentrates to the Lualaba smelter on June 1, and will receive first blister copper ingots within 30 days of delivery.

À propos de Zijin Mining
Zijin Mining est une entreprise mondiale leader dans le secteur des métaux et de l'exploitation minière, et l'un des plus grands producteurs mondiaux d'or, de cuivre et de zinc. La société compte plus de 30 sites miniers et projets d'envergure répartis dans 19 pays sur 5 continents. Grâce à ses solides capacités internes en matière de recherche, d'ingénierie et de développement, Zijin maintient une efficacité opérationnelle élevée à moindre coût, tant pour les acquisitions que pour les opérations. Cette approche lui permet de se positionner en tant que leader de la création de valeur, guidée par une philosophie de développement pour tous et soutenue par des performances exemplaires en matière d'environnement, de responsabilité sociale et de gouvernance. Les actions de Zijin sont cotées à la Bourse de Hong Kong (HKEX : 2899) et à la Bourse de Shanghai (SSE : 601899).