The Katanga KOV copper-cobalt project is an open-pit project located in Lualaba province of the Democratic Republic of Congo (DRC). Katanga Mining owns and is operating the project through two joint ventures namely Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP).
Glencore owns 86.3% of Katanga Mining Limited (KML), which holds 75% stake in Kamoto Copper Company (KCC). State-owned mining companies La Generale des Carrieres et des Mines (GCM) and La Société Immobilière du Congo hold the remaining 25% stake in KCC. Katanga KOV is the largest high-grade copper resource in the world and is made up of four ore bodies namely Kamoto East, Oliveira, Virgule (jointly KOV), and FNSR.
The western end of the Katanga copper belt holds the mineralised zones hosted mainly in late Proterozoic Katangan system meta-sedimentary rocks, and sediments with minor volcanic, volcanoclastic, and intrusive rocks.
The Katanga KOV copper-cobalt project has a probable reserve of 60.5Mt grading 3.70%TCu (percentage total copper content) and 0.48% cobalt, according to December 2018 estimates (nsenergybusiness,2019).
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