Kamoa Copper, joint venture between Ivanhoe Mines, Zijin Mining Group, and the Government of the Democratic Republic of Congo (DRC), is on track to produce copper in July. It has also launched its new corporate identity and appointed local nationals to the board of directors. It will produce high-grade copper in the Kolwezi District of Lualaba, DRC.
The new logo is inspired by three concepts: its core business of mining, a shared heritage between DRC, Canada and China, and an aspiration for an inclusive future, according to the company.
The basis of the logo symbolizes a mining stockpile and the tail of the “K” in the logo represents the Chinese character for “people.” The color red is indicative of Ivanhoe’s color palette and the red in the flags of the DRC, Canada and China. The logo encapsulates Kamoa’s aspiration of bringing people together for a prosperous and inclusive future, the company said.
Kamoa Copper recently announced three new appointments, Ben Munanga as chairman of the board and Olivier Binyingo as a member of the board. Munanga served as the general manager of Ivanhoe Mines Energy DRC (IVEN) since August 2015. Munanga replaced Louis Watum as chairman of Kamoa Copper’s Board of Directors. Binyingo, Ivanhoe Mines’ vice president of public affairs DRC, was appointed to the board of directors of Kamoa Copper to further enhance Kamoa Copper’s collaboration with government partners and local communities.
“We are thrilled to have Ben and Olivier join Kamoa Copper’s Board of Directors as we pursue our goal of building an enduring, responsible, multinational mining company,” said Robert Friedland, founder and co-chair of Ivanhoe Mines. “Both Ben and Olivier are passionate advocates of the DRC mining industry, and we believe they will provide valuable perspectives as Kamoa Copper continues its journey to becoming the world’s responsible, major copper producer,”
Kamoa Copper shattered all previous records, mining 400,000 metric tons (mt) of ore grading 5.36% copper, including 100,000 mt of ore grading 8.7% copper from the center of the Kakula mine. Overall progress of the company’s first phase of its 3.8-million-mt/y mining and milling operation is 92% complete, and the commissioning of its concentrator plant is under way.
Kamoa Copper SA is jointly owned by Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Ltd. (0.8%) and the Government of the Democratic Republic of Congo (20%). Kamoa Copper SA and Kipushi will be powered by clean, renewable hydrogenerated electricity and will be among the world’s lowest greenhouse gas emitters per unit of metal produced.