Copper production in the Democratic Republic of the Congo increased by 11.2 per cent from January to May this year compared with the same period last year cobalt production increased by 2.8 per cent

Published: Jul 10, 2019 09:45
The country produced 552044 tons of copper in the January-May period, up about 11.2 per cent from 496468 tons in the same period last year, the central bank said on Tuesday. Cobalt production in the January-May period was 44522 tons, up about 2.8 per cent from 43291 tons in the same period last year.

SMM7, 10 March: the Central Bank of the Congo said on Tuesday that copper production in the Democratic Republic of the Congo from January to May this year was 552044 tons, an increase of about 11.2 per cent over the same period last year, when 496468 tons were compared with the same period last year.

Cobalt production in the January-May period was 44522 tons, up about 2.8 per cent from 43291 tons in the same period last year.

Meanwhile, gold production fell 6.4 per cent to 13511 kg.

But the Congolese mining industry has not been calm in recent days.

On June 27, the KOV open-pit copper and cobalt mine in (KCC), the mining area of Glencore (Glencore) 's Kamoto copper company, partially collapsed, killing at least 43 illegal miners and expelling thousands.

The mine is one of Zambia's largest copper mines, with KCC producing 152400 tons of copper and 11100 tons of cobalt last year. Glencore's nearby Mutanda project produced 199000 tons of copper and 27300 tons of cobalt last year.

Artisanal mining on the edge of commercial mining areas is a major problem for the whole of Africa. Outdated and unregulated mining methods used by miners tend to endanger safety, so mining accidents in the Congo alone kill dozens of people each year.

As illegal miners refused to leave the mine, they gathered near the copper and cobalt mine to protest, and the Congolese army tried to disperse the crowd and sound warnings to the air.

The Lualaba provincial government of the KCC mine, where the mine is located, has made some concessions, promising to allow expelled miners to continue mining, but the miners still doubt whether there will be thousands more to be absorbed in the mine. "related news-illegal miners protested at the Glencore copper and cobalt mine in protest against the warning issued by the Congolese army

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Kazakhstan's Copper and Zinc Production Declines in H1 2023, June Sees Significant Drops
2 hours ago
Kazakhstan's Copper and Zinc Production Declines in H1 2023, June Sees Significant Drops
Read More
Kazakhstan's Copper and Zinc Production Declines in H1 2023, June Sees Significant Drops
Kazakhstan's Copper and Zinc Production Declines in H1 2023, June Sees Significant Drops
Data from the Statistics Agency of Kazakhstan on Friday showed that, in January-June this year, copper cathode production dropped 4.5% YoY to 231,945 mt. Of this, June output was 39,323 mt, a 20.8% YoY decline. The data also showed that the country's refined zinc production in June stood at 19,807 mt, down 22.4% YoY, and for January-June, refined zinc production was 112,861 mt, a 14.8% YoY decline.
2 hours ago
Antofagasta Reports Q2 Copper Output Dip, Maintains Full-Year Guidance Amid Stronger H2 Outlook
2 hours ago
Antofagasta Reports Q2 Copper Output Dip, Maintains Full-Year Guidance Amid Stronger H2 Outlook
Read More
Antofagasta Reports Q2 Copper Output Dip, Maintains Full-Year Guidance Amid Stronger H2 Outlook
Antofagasta Reports Q2 Copper Output Dip, Maintains Full-Year Guidance Amid Stronger H2 Outlook
Chilean copper miner Antofagasta reported on July 15 that its Q2 copper production edged down, reiterated its full-year production guidance, and expects stronger H2 output to drive achievement of the full-year target. In the three months to June 30, the company produced 142,000 mt of copper, down 0.7% QoQ, as a decline in output at the Antucoya mine offset performance at other mines. Q2 net cash cost climbed nearly 26% QoQ to $1.36 per pound. Antofagasta said quarterly production is expected to ramp up gradually over the remainder of the year, and maintained its 2026 copper production guidance at 650,000 to 700,000 mt and net cash cost guidance at $1.15 to $1.35 per pound.
2 hours ago
Copper Miners Face Short-Term Crisis Amid Sulphuric Acid Market Turmoil, IEA Reports
2 hours ago
Copper Miners Face Short-Term Crisis Amid Sulphuric Acid Market Turmoil, IEA Reports
Read More
Copper Miners Face Short-Term Crisis Amid Sulphuric Acid Market Turmoil, IEA Reports
Copper Miners Face Short-Term Crisis Amid Sulphuric Acid Market Turmoil, IEA Reports
The International Energy Agency (IEA) warns that copper miners producing more than one-seventh of the world’s primary copper supply are now mired in turmoil in the sulphuric acid market, a crisis triggered by conflicts including geopolitical tensions in the Middle East. The agency notes that while the long-term supply outlook for copper has improved slightly, the metal still faces multiple severe challenges in the short term. In its newly released "Global Critical Minerals Outlook 2026" report, the Paris-based IEA says that the short- and medium-term outlook for the copper market has sharply deteriorated over the past year.
2 hours ago