The DRC - copper and cobalt

  •  CuA world's leading copper producer
  •  CoThe world's largest cobalt producer

CMOC is the world's leading producer of copper and cobalt. CMOC holds an 80% stake in the TFM copper-cobalt mine and a 71.25% stake in the KFM copper-cobalt mine in the DRC. As two world-class projects, TFM and KFM cover an area of 1,600 square kilometers and 33 square kilometers, respectively. The company's main business is the exploration, mining, extraction, processing, and sales of copper and cobalt, boasting a complete set of techniques and processes for all stages from mining to processing. It mainly produces copper cathode and cobalt hydroxide. TFM has five production lines with an annual production capacity of 450,000 tons of copper and 37,000 tons of cobalt, KFM has one production line with a capacity exceeding 150,000 tons of copper and 50,000 tons of cobalt. In the first half of 2024, the company produced a total of 313,800 tons of copper and 54,000 tons of cobalt, achieving a revenue of RMB24.368 billion, up 444.78% YoY, and a gross profit of RMB12.316 billion.

Copper and cobalt mine in the DRC

  TFM Copper-Cobalt Mine KFM Copper-Cobalt Mine
Geographic location Fungurume, Kolwezi, Lualaba, DRC Bayeke, Lubudi, Lualaba, DRC
Main products Copper
Cobalt
Copper
Cobalt
Shareholding percentage 80% 71.25%
Project status In production In production
Resources/ Grade Cu 30.63 Mt@2.25%
Co 3.34 Mt@0.25%
Cu 4.01 Mt@2.07%
Co 1.91 Mt@0.99%
Production in 2023 Cu 280.3kt
Co 21.7kt
Cu 113.7kt
Co 33.9kt

Recent highlights:

  • TFM Mixed Mine project achieved both production and quality targets as scheduled, consolidating TFM's position as one of the world's top five copper mines.
  • TFM and KFM maintained fast-paced production in the first half of the year, setting multiple monthly production records.
  • TFM and KFM have achieved remarkable results in reducing costs and increasing efficiency. Through process optimization and technological innovation, the recovery of copper and cobalt has been greatly improved.
  • TFM is the first mine in Africa and the first Chinese-owned mine in the world to be awarded The Copper Mark.

Website:http://tfmofficial.com

Suggestion