After settling a dispute with state miner Gecamines, China's CMOC Group announced that it would increase copper production in the Democratic Republic of the Congo to 600,000 metric tonnes in 2024.
The Chinese mining company said it will increase production at Tenke Fungurume Mining (TFM), which had its exports of copper and cobalt halted until May of this year due to a recently settled dispute with Gecamines.
CMOC projected a 45% increase in copper production to 450,000 tonnes at the TFM mine in 2024.
This year, production began at the KFM mine (formerly known as Kisanfu), and the company plans to increase annual copper output there by 150,000 tonnes.
The Chinese miner did not reveal any predictions for cobalt production in 2024.
CMOC's Congolese mines yielded a total of 254,286 tonnes of copper and 20,286 tonnes of cobalt in 2022.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
