Base Metals
Posted By OrePulse
Published: 27 Oct, 2025 08:16
China's CMOC to invest $1.1bn to expand its KFM copper mine in DRC
It will launch the second phase of its KFM project in 2027. The first phase of KFM reached full capacity in 2023.
The investment comes as copper supplies face possible shortage amid mine worldwide disruptions, including the suspension of Freeport's flagship Grasberg project in Indonesia.
CMOC owns 71.25% of KFM through its Hong Kong-based subsidiary and also operates the Tenke Fungurume mine in Congo. Both mines are key suppliers of copper and cobalt, metals key for energy transition.
CMOC said the KFM expansion will strengthen its position in the global market but warned of possible risks from price swings and the DRC's political and economic uncertainty.
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