Deal #5421

Location #1

Spatial accuracy level
Coordinates
Location
Etoile du Congo, Democratic Republic of the Congo

Latitude
-13.17361111
Longitude
28.93916667
Target country
Congo, Dem. Rep.
Comment on location
Etoile du Congo, Democratic Republic of the Congo 13°10'25"S 28°56'21"E

Land area

Intended size (in ha)
12400
Size under contract (leased or purchased area, in ha)
[2012] 12400
Comment on land area
Lonshi lies within the Kipilunga Exploitation Concession, which measures 124 square kilometres.

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2012] Concluded (Contract signed)
Comment on negotiation status
The deposit was discovered in 2000. First Quantum mined since 2001. Eurasian Natural Resources Corp acquired the mine in 2012.

Implementation status

Implementation status
[2012] Project not started
[2014] Project not started
Comment on implementation status
First Quantum curtailed open pit mining operations due to the exhaustion of its oxide reserves in 2008.

Contract farming

Contract farming
No

Contract #1

Contract number
235
Contract date
2001-06-25
Duration of the agreement (in years)
20

Operating company

Operating company

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Media report
File
Date
2012-01-05
Comment on data source
Mining.com-- First Quantum gets out of Congo with $1.25 billion asset sale

Data source #3

Data source type
Media report
File
Comment on data source
Porter GeoConsultancy- Lonshi, Mwenso

Data source #4

Data source type
Company sources
File
Comment on data source
Form 43-101F1Technical Report, The Lonshi Copper Mine Katanga Province

Data source #5

Data source type
Company sources
File
Date
2006-03-31
Comment on data source
ANNUAL INFORMATION FORM AS AT DECEMBER 31, 2005

Data source #6

Data source type
Media report
File
Date
2007-12-17
Comment on data source
First Quantum Reopens Frontier, Lonshi Mine Remains Closed

Data source #7

Data source type
Media report
File
Date
2003-10-13
Comment on data source
The Northern Miner- Lonshi production marks watershed in the Copperbelt

Data source #8

Data source type
Media report
File
Date
2012-07-31
Comment on data source
Financial Times- ENRC secures Congo mine licence for $102m

Data source #9

Data source type
Media report
File
Date
2017-02-03
Comment on data source
Reuters- ENRC could sell precious DRC mines to repay costly debt

Data source #10

Data source type
Other (Please specify in comment field)
File
Date
2007-10-16
Comment on data source
African Mineral Standards Certificate of Analysis

Data source #11

Data source type
Media report
File
Date
2017-02-07
Comment on data source
Lonshi Copper Mine (Shutdown)

Former land owner (not by constitution)

Former land owner
State
Comment on former land owner
Previously owned by First Quantum. In May 2010 a Congolese court ruled that FQM's Lonshi mine had been awarded illegally and that it should revert to state-owned Sodimico. There are allegations that the mine was later sold to Fortune Ahead, a shell company listed in Hong Kong by Sodimico.

Former land use

Former land use
Other
Comment on former land use
Mine

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)

Detailed crop, animal and mineral information

Resources area
Copper

In country processing of produce

In country processing of produce
No
Comment on in country processing of produce
Processing occurred at the SX/EW facility in Bwana, Zambia.

Water extraction envisaged

Water extraction envisaged
Yes

April 4, 2017, 4:49 p.m.

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