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Kibolwe Data

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  • Congo State miner says to increase copper output 40% this year 2016-08-15
    Democratic Republic of Congo's state miner Gecamines expects to increase copper production by over 40% this year as new machinery comes online, the company said on Friday. Gecamines plans to produce 24 000 tonnes of copper this year and 50 000 tonnes next year, interim director-general Jacques Kamenga told Reuters. This is up from about 17 000 tonnes in 2015, according to central bank figures.
  • DRC's Gecamines plans Chinese joint venture at main asset 2016-06-16
    Gecamines, the Democratic Republic of Congo’s (DRC's) State-owned miner, is in talks to give China Nonferrous Metal Mining Group a majority stake in its most prospective copper asset. CNMC will finance, build and operate a copper-processing facility at the Deziwa concession in return for a 51% stake in the project, Jean Dominique Takis, head of strategy, said in an interview Tuesday in the capital, Kinshasa.
  • ENRC to cut over 2 000 mining jobs in Congo – union 2016-03-03
    Kazakh group Eurasian Natural Resources Corporation is cutting more than 2 000 jobs at two mining companies it controls in Democratic Republic of Congo, a union representative said on Wednesday. The company, owned by Eurasian Resources Group, plans to shed 996 jobs at its Boss Mining unit and 1 300 at Congo Cobalt Corporation (CCC) in the country's copper-rich southeast, said Dieudonne Shimbi, the provincial coordinator for TUMEC, one of the unions negotiating on behalf of the workers.
  • ENRC to cut over 2 000 mining jobs in Congo – union 2016-03-03
    Kazakh group Eurasian Natural Resources Corporation is cutting more than 2 000 jobs at two mining companies it controls in Democratic Republic of Congo, a union representative said on Wednesday. The company, owned by Eurasian Resources Group, plans to shed 996 jobs at its Boss Mining unit and 1 300 at Congo Cobalt Corporation (CCC) in the country's copper-rich southeast, said Dieudonne Shimbi, the provincial coordinator for TUMEC, one of the unions negotiating on behalf of the workers.

Kibolwe Information

  • General 2015-05-10
    Part of Katanga concessions, the Kibolwe prospect, 160 kilometres north-west of Lubumbashi, is a significant secondary enriched sediment-hosted stratiform copper deposit hosted by Mines sub-group rocks. The dominant copper oxide mineral is malachite with minor amounts of cuprite and tenorite, which occur within weathered argillaceous carbonate and shale units. Copper sulphides of chalcopyrite and chalcocite occur at depth. RC and core drilling programmes have outlined a near-surface, flat-lying mineralised zone up to 40 metres thick extending over a strike of 1,200 metres. An indicated mineral resource, suitable for open-pit mining, has been modelled for the drilled portion of the mineralisation. A conceptual mining study on this resource has indicated it to be sub-economic at the current size. Several similar anomalies, which have the potential to add to the total resources of the area, have been identified in the vicinity of Kibolwe. A larger structure to the west, with similar geology to Kibolwe, had one core hole drilled in it, which intersected shallow mineralization of the Kibolwe type. The area is expected to produce substantial additional copper resources.

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