Kamoa-Kakula Copper Mine
Kamoa-Kakula Copper Mine
Kamoa-Kakula Copper Mine

The Kamoa-Kakula Copper Mine, situated on the Katanga copper-cobalt belt in Central Africa, is a world-class, ultra-high-grade, large copper mine. Ongoing exploration activities at the project indicate significant potential for adding reserves.

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Kamoa-Kakula Copper Mine
  • Location
    Lualaba, Democratic Republic of Congo (DRC)
  • Ownership
    45% (inclusive of the share interest held via holdings in Ivanhoe Mines)
  • Project status
    In production + Undergoing expansion
  • Deposit Type
    Sediment-hosted stratiform copper deposits
  • Mineral Resources (Inclusive of Mineral Reserves)
    Contained copper: 42.66Mt, Grade: 2.54%
  • Mining & Processing methods
    Underground mining + flotation
  • 2023 production
    Copper: 390kt (100% basis)
  • Debottlenecking and Expansion

    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 fourth quarter of 2024. Meanwhile, new expansion plans are also being studied.

  • M&A

    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 13.68% interest in Ivanhoe Mines, making it the second-largest shareholder of the Canadian mining company.

ESG

Kamoa-Kakula uses hydropower, a clean, renewable source of energy. A 2020 independent audit by Hatch Ltd. of Canada confirmed that the mine would be one the world’s lowest GHG emitters per unit of copper produced. The project supports local communities through local hiring, the Sustainable Livelihoods Program, infrastructure construction, local procurement and supplier development. The Kamoa Center of Excellence, a mining academy that began enrolling students in September 2023, aims to train the next generation of leaders for the local mining industry.