Tenke Fungurume Mining
TFM
In 1997 the mine was held by Lundin Holdings Ltd. In 2004, Lundin Holdings Ltd partnered with Broken Hill Proprietary Company Limited (BHP) and the American mining giant Phelps Dodge Corporation. In 2007, Freeport-McMoRan replaced Phelps Dodge Corporation in the Tenke Fungurume Mining (TFM) partnership. From 2007 onwards, the company's shareholding structure comprised Freeport-McMoRan (56%), Lundin Holdings (24%) and Gécamines (20%). In 2018, China Molybdenum Company Ltd acquired Lundin Holdings' shares, becoming the majority shareholder with 80%, while Gécamines retained a 20% stake.
DRC
Lualaba
2007
Annual Production
| Year | Status | Bauxite | Copper | Cobalt | Lithium | Tantalum |
|---|---|---|---|---|---|---|
| 2022 | operational | - | 127,055.15 | 6,961.08 | - | - |
Mining Details
The mining concessions are located in the Lubudi territory, Lualaba Province in the Democratic Republic of Congo (DRC), about 100 km from the mining town of Kolwezi. The TFM mining concession covers an area of around 1,600 km2.
Ownership
Deposit Size
5120000
SOMIDEZ has estimated reserves of 4600,000 tonnes of copper and 420,000 tonnes of cobalt.
Project Impacts
Environmental Impacts
Water pollution, community health concerns
resolvedMeaning: 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.
Social Impacts
Forced evictions, inadequate resettlement
resolvedMeaning: Forced evictions and inadequate resettlement documented.
Forced evictions and inadequate resettlement have been documented by Amnesty International (2023).
Project Impacts
Environmental Impacts
| Name | Meaning | Year | Status | Description |
|---|---|---|---|---|
| Water pollution, community health concerns | Reports of water pollution and community health concerns in the Kolwezi–Fungurume corridor. | 2025 | resolved | Reports of water pollution and community health concerns in the Kolwezi–Fungurume corridor. |
Social Impacts
| Name | Meaning | Year | Status | Description |
|---|---|---|---|---|
| Forced evictions, inadequate resettlement | Forced evictions and inadequate resettlement documented. | 2023 | resolved | Forced evictions and inadequate resettlement have been documented by Amnesty International (2023). |