Situated on the Katanga copper-cobalt belt in Central Africa, Kamoa-Kakula is a world-class, ultra-high-grade copper mine with orebodies close to the surface. It holds significant potential for resource expansion through further exploration.

The Phase 3 concentrator was put into production on May 26, 2024, ahead of schedule. Once nameplate capacity is achieved, Kamoa-Kakula’s annual production will top 600,000 tonnes of mined copper, which will position it as Africa’s largest copper mine and the fourth largest in the world. Meanwhile, building on higher-than-expected output and recoveries at Phase 1 and Phase 2, plans are being made to increase production to 800, 000 tonnes of copper per annum, which will strengthen Kamoa-Kakula’s position as one of the world’s largest copper producers.

Zijin Mining holds an approximately 44.2% interest in the Kamoa-Kakula Copper Mine, making it the largest equity interest holder. In May 2015, Zijin Mining acquired a 49.5% interest in Kamoa Holding Limited from Ivanhoe Mines, thereby indirectly holding a 39.6% interest in Kamoa-Kakula. Zijin Mining also holds a 13.59% interest in Ivanhoe Mines, positioning it as the Canadian mining company’s second-largest shareholder.