Chinese companies establish a new association to consolidate their advantages in mining copper and cobalt in the Democratic Republic of the Congo.
Release time:
2018-07-20
Source:
Changjiang Nonferrous 2018-06-25
Recently, 30 Several Chinese companies active in the Democratic Republic of the Congo have established a business association with the support of both governments. , This will help further consolidate China’s advantage in copper and cobalt production in Central African countries.
6 Moon 16 On that day, the group’s president was in Lubumbashi, southeastern Congo. (Lubumbashi) At the inauguration ceremony held, it was stated that by 35 The mining company union, composed of [number] members, will promote... “ Communication and exchange between Chinese mining companies and the Chinese government ”。
The organization was established at the suggestion of the Chinese Embassy and the Minister of Mining of the Democratic Republic of the Congo, and its French acronym is: USMCC The members include those controlled by China Molybdenum Co., Ltd. Tenke Fungurume Mining and MMG Ltd. and subsidiaries of China Nonferrous Mining Group and Huayou Cobalt.
In recent years, as some Western mining companies have left the Democratic Republic of the Congo, Chinese enterprises have been making large-scale investments in the Katanga region—the heartland of copper and cobalt mines in the DRC. In one of the largest deals, China Molybdenum acquired from the United States one of the DRC’s largest mines. Tenke the majority stake.
Glencore, headquartered in Switzerland (Glencore) Owns two major mining projects in the Democratic Republic of the Congo. The Governor of Lualaba Province. Richard Muyej At 6 Moon 15 At a mining conference held recently, it was said that, aside from Glencore, everything else has taken on a distinctly Chinese character. Most of the copper and cobalt mines in the Democratic Republic of the Congo are located in Lualaba Province.
China’s substantial investments in the DRC also highlight the role of the Congolese state-owned mining company. (Gecamines) We are making relentless efforts to become a leading producer. 1980s , Gecamines The output reached approximately 50 Peak of 10,000 metric tons of copper , However, debt, mismanagement, and the sector’s liberalization have weakened its role. Except for minority stakes in joint ventures, Gecamines Less than was mined last year. 1.6 Ten thousand tons of copper.
China Nonferrous Metals Group (CNMC) is being for Gecamines Provide financing and construct a copper processing facility, which, once repaid, will be fully transferred to this state-owned mining company. Gecamines President Albert Yuma At 6 Moon 14 In his speech today, he said that from... 2020 Starting this year, the factory will produce annually... 8 Ten thousand tons of coal.
Yuma It is stated that the agreement reached with the factory allows the factory to, at the latest, 10 After the new year, everything will become... Gecamines of the property ” He also announced that the state-owned mining company has reached an agreement with an unnamed Chinese entity to— Kolwezi Two copper and cobalt mines are being developed near the town, which will ensure... Gecamines Annual production of 16%。