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Find all the economic and financial information on our Orishas Direct application to download on Play StoreFor the financial year 2024, the Chinese company Zijin Mining aims to produce 1 million tons of copper annually for this operation. The latter is the co-owner of the Kamoa-Kakula copper complex in
the Democratic Republic of Congo.Kamoa-kakula currently has an annual production capacity of 600,000 tons. The company's president Chen Jinghe said in an interview that research is ongoing and plans are being prepared for an annual production of 1 million tons of copper. It is expected to deliver approximately 1.1 million tonnes in fiscal year 2024, and 1.2 to 1.3 Mt in fiscal years 2025 and 2026. The new objective announced by Zijin would therefore not allow Kamoa-Kakula to exceed the Chilean mine in the short term. Kamoa-Kakula also contributes to the state budget through the government's 20% participation in the project, the mining royalty on export revenues as well as various taxes and duties.
Zijin Mining and the Canadian Ivanhoe Mines are the 2 main shareholders, with a 39.6% stake each.
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