Tenke Fungurume Mine
| Location | |
|---|---|
  Tenke Fungurume Mine | |
| Province | Katanga Province |
| Country | Democratic Republic of the Congo |
| Production | |
| Products | Copper, cobalt |
| History | |
| Opened | 2009 |
The Tenke Fungurume Mine holds one of the world's largest known copper and cobalt resources. The deposits are located within two concessions totaling over 1,500 square kilometres (580 sq mi) the Katanga Province the state of Rich former governor Moise Katumbi chapwe. in the Democratic Republic of Congo (DRC).[1]
Ownership
The mining project is a partnership led by Freeport-McMoRan Copper and Gold, the Lundin Mining Corporation and the government of the Democratic Republic of Congo, through Gécamines.[2] As of September 2009 Freeport-McMoRan operated the mine and held 58.8%, Lundin held 24.8% and Gécamines (La Générale des Carrières et des Mines) held the remaining 17.5%. The contract had yet to be reviewed by the government under a "revisitation" process started earlier that year. Tenke Fungurume is the largest copper mine in the DRC. The first phase at the mine cost US$1.8bn to build.[3]
Operations
The first copper cathode was produced in March 2009, and the plant was working at planned capacity by September 2009. In the third quarter of 2009 the cobalt plant and the sulphuric acid plant were commissioned. It is expected that the operation will produce 250,000,000 pounds (110,000,000 kg) of copper metal and 18,000,000 pounds (8,200,000 kg) of cobalt annually.[4]
See also
References
- ^ "Tenke Fungurume Mining project, Democratic Republic of Congo (DRC)". European Investment Bank. 2007-02-08. Archived from the original on March 9, 2009. Retrieved 2009-04-10.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Africa Project". Freeport-McMoRan. Retrieved 2009-04-10.
- ^ Barry Seargent (18 Sep 2009). "First Quantum Minerals suspends Kolwezi Tailings Copper Mine Development". Proactive Investors. Retrieved 2011-11-07.
- ^ "Tenke Fungurume". Freeport-McMoRan Copper & Gold. Retrieved 2011-11-07.
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