Phase 1 and Phase 2 concentrators, along with their joint debottlenecking programs, have all been completed, achieving a combined annual production capacity of more than 450,000 tonnes of copper.

The Phase 3 project was put into operation ahead of schedule on May 26, 2024, bringing Kamoa-Kakula’s annual processing capacity to 14.2 million tonnes and increasing its copper production to 600,000 tonnes. This milestone elevated it to the world’s fourth-largest copper mine. Kamoa-Kakula’s 500,000 tonne-per-annum anode copper smelter is scheduled for commissioning in the first quarter of 2025. Meanwhile, new expansion plans are also being studied.

Zijin Mining is the largest equity interest holder of the Kamoa-Kakula Copper Mine, ultimately owning about a 45% interest in the project. In 2015, Zijin Mining acquired a 49.5% interest in Kamoa Holding Limited from Ivanhoe Mines, thereby indirectly holding a 39.6% interest in the Kamoa-Kakula project. Zijin Mining also holds a 13.59% interest in Ivanhoe Mines, making it the second-largest shareholder of the Canadian mining company.