Deal #5424

Location #1

Spatial accuracy level
Administrative region
Location
Kasumbalesa, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.

Land area

Comment on land area
Size not known

Intention of investment

Intention of the investment
Mining

Nature of the deal

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

Negotiation status

Negotiation status
[2013] Concluded (Contract signed)
Comment on negotiation status
Bankable Feasibility Study was completed in 2012. The projects’ environmental impact assessment and associated management plans were submitted to DRC authorities in 2011 and all approvals required by the DRC Mining Law have been obtained. The Board approved the development of the Kinsenda Project in March 2013.

Implementation status

Implementation status
[2013] Startup phase (no production)
Comment on implementation status
Original aim to have the mine in operation by 2015. Construction started in 2013.

Contract farming

Contract farming
No

Operating company

Operating company

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Media report
File
Date
2010-10-07
Comment on data source
MDM awarded Kinsenda copper project BFS in the DRC

Data source #4

Data source type
Media report
File
Comment on data source
Copperbelt Operations focus- Kinsenda, one of the richest mines

Data source #5

Data source type
Company sources
File
Date
2016-08-18
Comment on data source
Jinchuan International (02363.HK) Announces Interim Results for the Six Months Ended 30 June 2016

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
Originally owned by MMK

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
Yes

Water extraction envisaged

Water extraction envisaged
Yes

April 4, 2017, 7:05 p.m.

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