Copper-cobalt: Chinese CNMC struggling in Zambia but progressing in DRC

摘要

The Chinese mining giant has suffered several setbacks at its Zambian mines, but is currently in a test phase in DRC, with a view to increasing its capacities there. The accidental breakage of a rope in the main shaft hoisting system of the Chambishi South East copper mine in Zambia's Copperbelt province at the end of September will force the mine's operator, NFC Africa Mining, to undertake 40 days of repair work. It is also expected to reduce copper production at the mine by around 5,000 tonnes for NFC's parent company, China Nonferrous Metal Mining Corp (CNMC), which produces just under 20,000 tonnes per quarter.