Kananga Mine
Encyclopedia
The Kananga Mine is an open pit copper mine near Kolwezi
in Katanga Province, Democratic Republic of the Congo.
114,000 tonnes of ore had been mined before production stopped.
The area to the east of the mine had uneconomical levels of copper, while the western end had been partially mined by Gécamines
and more recently by DCP.
The remaining inferred mineral resource was 4 million tonnes of ore at a grade of 1.44% copper and 0.74% cobalt.
The area of title was 11.04 square kilometres (4.3 sq mi).
, finalized in September that year, to rehabilitate and operate the Kananga and Tilwezembe copper mines.
Gertler and Steinmetz placed GEC'S 75% share in KOV into Nikanor Plc
, registered in the Isle of Man.
Nikanor's stock was listed on on the LSE's Alternative Investment Market
in London in July 2006.
In January 2008 Katanga Mining finalized acquisition of Nikanor PLC for $452m.
As of March 2010 the mine was the property of KCC, a subsidiary Katanga Mining
in which Gecamines
held an interest.
Kolwezi
Kolwezi is a city in Katanga Province in the south of the Democratic Republic of the Congo, west of Likasi. It is home to an airport and a railway to Lubumbashi. The population is approximately 418,000....
in Katanga Province, Democratic Republic of the Congo.
Resources
As of September 2007 it was reported that the mine had not been actively mined since March of that year.114,000 tonnes of ore had been mined before production stopped.
The area to the east of the mine had uneconomical levels of copper, while the western end had been partially mined by Gécamines
Gécamines
Gécamines, or La Générale des Carrières et des Mines, is a state-owned mining company in the Democratic Republic of Congo . Its principal products are copper , cobalt and zinc...
and more recently by DCP.
The remaining inferred mineral resource was 4 million tonnes of ore at a grade of 1.44% copper and 0.74% cobalt.
The area of title was 11.04 square kilometres (4.3 sq mi).
Ownership
In March 2004, Dan Gertler International in partnership with Beny Steinmetz Global founded a firm named Global Enterprises Corporate (GEC). In May 2004 GEC signed a preliminary agreement with the state-owned GécaminesGécamines
Gécamines, or La Générale des Carrières et des Mines, is a state-owned mining company in the Democratic Republic of Congo . Its principal products are copper , cobalt and zinc...
, finalized in September that year, to rehabilitate and operate the Kananga and Tilwezembe copper mines.
Gertler and Steinmetz placed GEC'S 75% share in KOV into Nikanor Plc
Nikanor Plc
Nikanor Plc was a copper and cobalt mining company active in Katanga Province, Democratic Republic of the Congo. In January 2008 it was merged into Katanga Mining...
, registered in the Isle of Man.
Nikanor's stock was listed on on the LSE's Alternative Investment Market
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
in London in July 2006.
In January 2008 Katanga Mining finalized acquisition of Nikanor PLC for $452m.
As of March 2010 the mine was the property of KCC, a subsidiary Katanga Mining
Katanga Mining
Katanga Mining is a mining company in the Katanga Province of the Democratic Republic of the Congo , majority-owned by Swiss commodity trader Glencore.-DCC:...
in which Gecamines
Gécamines
Gécamines, or La Générale des Carrières et des Mines, is a state-owned mining company in the Democratic Republic of Congo . Its principal products are copper , cobalt and zinc...
held an interest.