Tenke Fungurume Mining

TFM

ACTIVE

En 1997: LUNDIN HOLDING LTD, En 2004, LUNDIN HOLDINGS LTD fait appel à BROKEN HILL PROPRIETARY LTD (BHP) et le géant minier américain PHELPS DODGE CORPORATION, En 2007, Freeport McMoRan s’était substitué à PHELPS DODGE CORPORATION dans le partenariat TFM. Que donc à partir de l’année 2007, la structure actionnariale de l'entreprise comprenait Freeport McMoRan à 56 %, Lundin Holdings à 24 % et Gécamines à 20 %, En 2018, China Molybdenum Co Ltd, rachète les parts de la société Lundin Holding et devient l’actionnaire principal avec 80 % de parts et la Gécamines y conserve quant à elle 20 % de parts.

Country

DRC

Province

Lualaba

Start Date

2007

Minerals
cobaltcopper

Annual Production

YearStatusBauxiteCopperCobaltLithiumTantalum
2022operational-127,055.156,961.08--

Mining Details

Mining TypeOpen Pit
Area (Hectares)159,970.265
Mining Squares1,883
Permit Validity20 years
Coordinates-10.5683°, 26.1956°

The mining concessions are located in the Lubudi territory, Lualaba Province in the Democratic Republic of Congo, more or less 100.6 km from the mining town of Kolwezi. The TFM mining concession covers an area of around 1,600 square kilometers.

Ownership

China Molybdenum
80%
Gécamines
20%

Deposit Size

Total Ore

5120000

SOMIDEZ has estimated reserves of 4600,000 tonnes of copper and 420,000 tonnes of cobalt.

Project Impacts

Environmental Impacts

Reports of water pollution and community health

resolved

Meaning: Reports of water pollution and community health concerns in the Kolwezi–Fungurume corridor.

Reports of water pollution and community health concerns in the Kolwezi–Fungurume corridor.

Year: 2025Countries: DRCRelated: Tenke Fungurume Mining

Social Impacts

Forced evictions and inadequate resettlemen.

resolved

Meaning: Forced evictions and inadequate resettlement documented by Amnesty International (2023).

Forced evictions and inadequate resettlement documented by Amnesty International (2023).

Year: 2023Countries: DRCRelated: Tenke Fungurume Mining