Kazakh miner ERG plans $800 million revamp of DRC copper, cobalt mine
Kazakh miner Eurasian Resources Group (ERG) plans to invest $800 million to revamp its Comide copper, cobalt mine in Democratic Republic of Congo, it said on Friday.
“The project includes the construction of a hydrometallurgical plant, an extensive exploration and drilling programme, as well as mine development,” the company said in a statement.
ERG expects the hydrometallurgical plant to be complete by the end of 2025.
The plant is designed for phased operational output, with expansion potential to produce approximately 120,000 tonnes of copper cathode and 15,000 tonnes of cobalt hydroxide annually.
(By Ashitha Shivaprasad; Editing by Daniel Wallis)
More News
GeoFrame to break ground on major lithium project in Texas
The Texas-based lithium extraction facility is said to be able to meet entire national demand for battery-grade lithium carbonate by 2029.
April 08, 2025 | 03:36 am
Freeport-McMoRan CEO flags concern over global growth amid US tariffs
Freeport CEO Kathleen Quirk says the recent copper price drop was not good long-term for the industry, which depends on multi-billion dollar investments.
April 07, 2025 | 03:27 pm
Kinross buys 9.9% stake in Nevada-focused Eminent Gold
Eminent Gold currently has three gold exploration projects in Nevada.
April 07, 2025 | 03:21 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments