CMOC to invest $2.5B to expand copper and cobalt output at TFM mine in DRC
2021-08-17 13:04:19 [Print]
China Molybdenum (CMOC) will invest US$2
The expansion project, which is expected to be online in 2023, will include construction of three ore production lines which will add a total 12.4 millions tonnes per year processing capacity of copper-cobalt ores, including 3 . 3 Mtpy for oxidized ores and 9 . 1 Mtpy for mixed ores . This is estimated to expand the mine's average annual copper output by 200,000 tonnes and cobalt output by 17,000 tonnes.
. 51 billion to expand production capacity of its Tenke Fungurume mine (TFM) in the Democratic Republic of Congo (DRC) . In July, the company started trial production from a 10k expansion at another site in the mine. The expansion project, which is expected to be online in 2023, will include construction of three ore production lines which will add a total 12.4 millions tonnes per year processing capacity of copper-cobalt ores, including 3 . 3 Mtpy for oxidized ores and 9 . 1 Mtpy for mixed ores . This is estimated to expand the mine's average annual copper output by 200,000 tonnes and cobalt output by 17,000 tonnes.