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. As of 2024, TFM operates five production lines with an annual copper production capacity of over 450,000 tonnes, while KFM has one production line with a capacity of over 150,000 tonnes of copper. In 2024, the company produced 650,200 tonnes of copper and 114,200 tonnes of cobalt, achieving RMB50.6 billion in revenue, up 80.71% YoY.
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 30.14MT@2.24% Co 3.31MT@0.25% |
Cu 4.31MT@1.88% Co 2.09MT@0.91% |
Recent highlights: