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.
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 |
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