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246:, a Zimbabwe businessman, owned Boss Mining, which controlled the other 50% of the mine. In a February 2006 deal, Rautenbach gained about 17% of the CAMEC shares when CAMEC bought 80% of Boss. Boss Mining had rented and operated Bredenkamp's half of Mukondo. Gertler terminated this arrangement when he bought Tremalt.
214:
In July 2008 CAMEC said the resource estimate at
Mukondo was 70 million tons of ore containing 1.5 million tons of copper and 500,000 tonnes of cobalt. The cobalt grade averages 1.2%, an exceptionally high concentration. The Mukondo mountain has a height of over 1,700 metres (5,600 ft). Mining
249:
Gertler and CAMEC made plans to combine the
Mukondo assets into a new holding company to be operated by CAMEC. Billy Rautenbach would be paid out and excluded from ownership in the new company due to the hostile relations that had developed between him and the DRC government. CAMEC and Prairie
281:
facility. In
February 2008 the two companies announced that the Mukondo Mountain operations had restarted. In July 2008 CAMEC said the Luita facility, due to be completed later that year, would be the largest of its kind in the world. The target was to produce 100,000 tonnes per year of copper
239:
for about $ 60m. The sale was to
Prairie International, of which Dan Gertler's family trust was a major shareholder. Tremalt owned 80% of Savannah Mining, a successor to KMC that held concessions C17 and C18 in Katanga Province and 50% of the Mukondo project.
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cathode. In July 2009 CAMEC announced a long-term agreement under which CAMEC would deliver its entire annual production of cobalt in concentrate from
Mukondo Mountain to Zhejiang Galico Cobalt & Nickel Materials of China.
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In
January 2001 the Kababancola Mining Company (KMC) was established as a copper and cobalt mining partnership for a 25-year term. Tremalt, controlled by the Zimbabwean businessman
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increased its share of the Boss Mining joint venture to 49%, reducing ENRC's stake to 51%. The operations of Boss Mining were suspended in 2019.
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The joint venture was to extract cobalt from
Mukondo, reopen the Kakanda concentrator and control the
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is relatively cheap since waste rock can simply be pushed off the mountain rather than hauled away.
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328:"Pillage des ressources minières de la RDC : les dessous de cartes de la compagnie KMC"
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International signed the MOU to complete the deal in
November 2007. In September 2009 the
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made a ÂŁ584-million cash offer for CAMEC. The deal was closed in
November 2009.
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457:"CAMEC creates new DRC joint venture company to develop Mukondo Mountain"
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536:"Congo's Gecamines to boost stake in Boss Mining JV to 49 percent"
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Société Centrafricaine d’Exploration et d’Exploitation Minière
509:"Edmonds, Groves resign from Camec board after ENRC takeover"
206:). It may be the richest cobalt reserve in the world.
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Copper and cobalt mine in
Katanga Province, the Congo
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Copper mines in the Democratic Republic of the Congo
640:"Camec to build multimillion-dollar SX plant in DRC"
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364:"Copper/cobalt bull elephants square up in the DRC"
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588:"Camec, Prairie restart operations at DRC mine"
200:Central African Mining and Exploration Company
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586:Christy van der Merwe (7 February 2008).
400:"CAMEC enters new JV to house DRC assets"
334:(in French). 9 March 2006. Archived from
431:"Nikanor's DRC mining contract quandary"
227:, held 80% of KMC while the state-owned
534:Paravicini, Giulia (10 December 2018).
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252:Eurasian Natural Resources Corporation
7:
613:"CAMEC restarts Mukondo cobalt mine"
484:"ENRC to make ÂŁ584m offer for Camec"
198:. As of 2011 it was operated by the
482:Mariaan Webb (18 September 2009).
398:Allan Seccombe (7 November 2007).
25:
308:. International Mining. July 2008
190:) is a copper and cobalt mine in
370:. United Nations. Archived from
196:Democratic Republic of the Congo
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51:
638:Leandi Cameron (25 July 2008).
429:Barry Sergeant (3 April 2007).
666:"Daily podcast - July 6, 2009"
565:Eurasian Resources Group (ERG)
1:
664:Amy Witherden (6 July 2009).
362:Barry Sergeant (6 May 2007).
303:"CAMEC - The Cobalt Champion"
713:
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166:Eurasian Resources Group
128:10.724601°S 26.346459°E
231:held 20% In June 2006
133:-10.724601; 26.346459
76:Location in the Congo
437:on 21 November 2011
124: /
38:
619:. 12 February 2008
515:. 11 November 2009
374:on 2 November 2011
567:. 3 February 2021
463:. 7 November 2007
368:Mining Newsletter
219:Ownership changes
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16:(Redirected from
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192:Katanga Province
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188:Mine de Mukondo
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69:Mine de Mukondo
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36:Mine de Mukondo
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338:on 4 July 2007
332:The Conscience
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277:copper cobalt
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152:Copper, Cobalt
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592:Mining weekly
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561:"Boss Mining"
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513:Mining Weekly
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180:Mukondo Mine
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66:Mukondo Mine
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33:Mukondo Mine
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18:Mukondo Mine
675:15 November
649:15 November
597:15 November
519:15 November
493:15 November
467:14 November
441:16 November
414:14 November
378:14 November
342:14 November
312:18 November
233:Dan Gertler
131: /
107:Coordinates
286:References
269:Operations
256:Kazakhstan
254:(ENRC) of
144:Production
119:26°20′47″E
116:10°43′29″S
571:16 August
545:16 August
263:GĂ©camines
261:In 2018,
229:GĂ©camines
171:GĂ©camines
691:Category
623:6 August
404:MiningMX
210:Location
202:(CAMEC;
149:Products
101:DR Congo
86:Province
42:Location
617:Reuters
461:MineWeb
237:Tremalt
235:bought
162:Company
97:Country
91:Lualaba
184:French
306:(PDF)
279:SX/EW
275:Luita
173:(49%)
168:(51%)
157:Owner
677:2011
651:2011
625:2022
599:2011
573:2022
547:2022
521:2011
495:2011
469:2011
443:2011
416:2011
380:2011
344:2011
314:2011
540:U.S
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182:(
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
