The Phase 3 concentrator was put into production ahead of schedule on May 26, 2024. Once name-plate 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 recovery 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 is the largest equity interest holder in the Kamoa-Kakula Copper Mine, ultimately owning approximately a 45% interest in the project. 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, making it the second-largest shareholder of the Canadian mining company.