Congo’s Gecamines to Increase Copper Production by 46%

Bloomberg reported today that Gecamines, the Democratic Republic of Congo’s state mining company, is planning growth in copper production this year as it looks for funding for new projects. The company is also looking for financing for its 100% owned Deziwa and Ecaille C mining concessions, according to Bloomberg.

As quoted in the publication:

Part of the production may come from a deal with Trafigura Beheer BV, the world’s second-largest minerals trader, to process a copper tailings stockpile at Gecamines’ Lupoto mine, Nkand said in an interview on April 21 at company headquarters in Lubumbashi, capital of Congo’s mineral-rich Katanga province.

Click here to read the full Bloomberg article.