Katanga Mining Limited operates a large-scale copper-cobalt project with substantial high-grade mineral reserves and integrated metallurgical operations in the Democratic Republic of Congo (DRC).
We are refurbishing and redeveloping the site through an aggressive four-year phased ramp-up plan. Production began in late 2007, and by 2011 we aim to produce over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt per year. This will give us the potential to be the largest copper producer in Africa and the largest cobalt producer in the world.
Our single-site operation, which comprises brownfield assets and new facilities under construction, will have one of the lowest unit production costs in the world, net of by-product credits.
The January 2008 merger with Nikanor PLC, whose adjacent concessions had previously been part of the same mine complex, has consolidated our leadership position in the region and is expected to generate significant operating and financial synergies.
Katanga holds a 75% stake in two joint ventures with Gécamines, a state-owned mining company in the DRC. See our corporate structure for additional information on how the company is structured.
We are committed to the socio-economic development of the DRC and the communities surrounding our operations, and place sustainable development as integral to the way we do business.