Tilwezembe
| Location | |
|---|---|
  Tilwezembe | |
| Province | Katanga Province |
| Country | Democratic Republic of the Congo |
| Coordinates | 10°47′58″S 25°41′32″E / 10.799405°S 25.692333°ECoordinates: 10°47′58″S 25°41′32″E / 10.799405°S 25.692333°E |
| Production | |
| Products | Copper, Cobalt |
| Owner | |
| Company | Katanga Mining |
| Website |
www |
Tilwezembe is an open-pit copper and cobalt mine in Katanga Province of the Democratic Republic of the Congo operated by Katanga Mining, a subsidiary of Glencore.
The mine covers an area of 7.64 square kilometres (2.95 sq mi). It has an indicated nine million tones of ore with 1.89% copper and 0.60% cobalt. Mining in the Tilwezambe pit has taken place off and on since 1999. At first this was done by the state-owned Gécamines using contract labor. For a while, artesanal miners took over.[1]
In March 2004, Dan Gertler International and Beny Steinmetz Global founded a firm named Global Enterprises Corporate (GEC). In May 2004 GEC signed a preliminary agreement with Gécamines, finalized in September that year, to rehabilitate and operate the Kananga and Tilwezembe mines. The deal was ratified by presidential decree.[2] In January 2008 Katanga Mining finalized acquisition of Nikanor PLC for $452m.[3] A joint venture of Katanga Mining (75%) and Gécamines (25%) began mining in 2007.[1] In November 2008, Katanga Mining said they had temporarily suspended mining and ore processing at the Kolwezi concentrator due to the depressed price of cobalt.[4]
References
- 1 2 "An Independent Technical Report on the Material Assets of Katanga Mining Limited..." (PDF). SRK Consulting. 17 March 2009. Retrieved 2011-11-06.
- ↑ Barry Sergeant (3 Apr 2007). "Nikanor's DRC mining contract quandary". Retrieved 2011-11-16.
- ↑ "History". Katanga Mining. Retrieved 2011-11-16.
- ↑ "Kolwezi Concentrator Update" (PDF). Katanga Mining. November 21, 2008. Retrieved 2011-11-06.