New Wellhead Construction Of Phase III Of Kamoa Copper Mine Is Nearing Completion

Recently, zijin Mining co., LTD. 's Kamoa-Kakula copper mine in Congo (DRC) Phase III project design and construction has been advanced in an orderly manner. The construction of new wellheads in Kamoa-Zone 1 and 2 is nearing completion, and the development progress of slope road is ideal, which will open the approach channel of main mining area in Phase III. The third phase of the project is scheduled to start production in the fourth quarter of 2024, when the mine's overall capacity will increase to about 600,000 tons of copper per year, making it the third largest copper mine in the world.

Meanwhile, the ground work for the 500,000 mt/a copper smelter at Kamoa is progressing well, with earthworks under construction and crude copper production scheduled to start in q4 2024. When the smelter comes on stream, it is expected to reduce The C1 cash cost per pound of copper produced by Kamoa-Kakula by about 10% to 20%. Inga upgrade project phase ii hydropower station has been completed order equipment for a long period of time, the project site to mobilize and large construction projects will be carried out in July, and is expected to begin in the fourth quarter of 2024, is expected to generate 178 megawatts of additional renewable hydropower, as Mr Khoja card moire - copper project and smelters to provide a stable supply of clean energy.

In May, the Phase I and II concentrator of the Camoa Mine processed 660,000 tonnes of ore (with a total annual capacity of about 8 million tonnes) and produced 29,800 tonnes of copper-bearing metal in concentrate, setting a new monthly record. From January to May this year, the project produced about 112,600 tons of copper-bearing metal concentrate, and is expected to produce 145,200 tons of copper in the first half of this year. As the capacity of the phase II concentrating plant continues to climb, there is still room for further improvement of the total processing capacity. It is expected that the annual output of copper will reach the upper limit of the production guidance target of 340,000 tons in 2022.