Kamoa Copper S.A. Pays An Endowment Of 0.3% Of Its 2021 Annual Turnover Of $2.49 Million Towards Community Development Projects
2022/12/26 3865

Kamoa Copper S.A. has made an amount of US $ 2,493,360.00 available to local communities, through a specialised body, to fund community development projects. This amount corresponds to 0.3% of the company’s turnover for the 2021 financial year, in accordance with the mining laws and regulations of the Democratic Republic of Congo.

The endowment was fully paid to Kamoa Copper S.A.’s specialised body – DOT KAMOA – on 20 December 2022. This entity is responsible for overseeing and managing how the endowment will be spent on community development projects.

In the company’s accounts, Kamoa Copper S.A. has made an additional provision of 0.3% of its turnover for the year 2022, for payment before the end of 2023.

Source:Kamoa Copper