MMG commits to $600m DRC cobalt expansion
Base metals miner MMG has approved a $500-million to $600-million expansion of its Kinsevere operation, in the Democratic Republic of Congo (DRC), extending the mine life by at least another 13 years.
The Kinsevere expansion project will bring yearly production of copper cathode up to 80 000 t and between 4 000 t and 6 000 t of cobalt in cobalt hydroxide.
Construction will start in 2022, with first cobalt production expected in 2023.
First copper cathode production from the sulphide orebody is expected in 2024, with the mine to continue production of copper cathode from the remaining oxide orebody during the construction phase.
No mining took place at Kinsevere in 2021. The operation produced 48 017 t in the year and relied on lower-grade stockpiles and third-party ores to feed the processing plant.
MMG CEO Liangang Li said the expansion project demonstrated MMG’s commitment to investing in Africa and to securing a strong future for the Kinsevere asset.
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