Copper-cobalt tailings project, to re-process mineral waste from old Gecamines mines in Katanga Province.
Location: Democratic Republic of Congo
According to the IFC, the project is to prepare a definitive feasibility study (DFS), including marketing, technical, and environmental and social impact studies, for the re-treatment of processed oxide tailings from the Kolwezi concentrator, located in Katanga province, which began operations in the early 1950’s. The project consists of two dams containing 112.8 million tones of oxide tailings, grading 1.49% copper and 0.32% cobalt and is believed to have the potential to host one of the world’s largest and lowest cost cobalt producers. The project is expected to have a lifespan of approximately 53 years and generate significant tax and foreign exchange earning, as well as provide local employment and contribute to the revival of the DRC’s copper belt infrastructure. The project company is Kingamyambo Musonoi Tailings SARL (KMT), a Congolese company which has been created for the purpose of exploiting the tailings.
Official DocumentsSummary of Project Information, International Finance Corporation, March 22, 2005 (IFC website)
Environmental Review Summary, International Finance Corporation, March 21, 2005 (IFC website)
Environmental and Social Impact Assessment – Executive Summary, SRK Consulting, February 28, 2006 (Acrobat PDF 2.24 MB)