Kamoa is a name that should perhaps give great returns to the Democratic Republic of Congo in the coming years. The name of a new copper mine that came into operation at the beginning of the summer, and which could very quickly earn the title of the world’s second largest copper mine.
The Kaoma Kakula mine, in the province of Lualaba, is a new gift from the Congolese underground. The deposits that have just come into production just before the summer show an exceptional copper content of 6%. In the end, the mine can extract more than 800,000 tons of copper per year, according to estimates from the mining group.
Enough to increase the country’s copper production by 60%. A new case for the Democratic Republic of Congo, which will consolidate its position as the continent’s leading producer of red metal, ahead of Zambia.
Ore intended for ChinaFor the operation of this mine, as for other deposits in the country, the state will recover royalties according to the exported volume. Its 20% share in the project will also be another source of income, depending on the profit. China, which today sucks 40% of the world’s copper, will be the main buyer of Congolese ore. Not surprising, given the largely Chinese investment.
With Kamoa Kakula, the DRC is expected to provide 2-3% of the world’s copper. And therefore supply increases significantly at a time when demand is only growing under pressure from the search for less polluting energies to the atmosphere. “The engine is a carbon dioxide emitter, which uses a lot of cobalt, nickel and, above all, copper,” the contributor to the Cyclope report, the French annual bible on raw materials, specifies on the subject. Ultimately, this new supply of Congolese red metal can help lower prices and affect the profitability of other projects.
Producing “pure” copper: a challenge for the Democratic Republic of CongoHowever, seeing the Democratic Republic of Congo own the second largest copper mine in the world is not trivial, says a mining consultant who recalls that the country is now giving cobalt buyers a cold sweat, trying to stand out. The bad image that sticks to the management of Congolese mining resources.