The appointment was also recognition of a strong performance on the feasibility study phase in 20052006. With the completion of the phase ii expansion, tenke now has a. Pdf improvements in copper electrowinning at tenke. A safety slogan in three languages is seen at tenke fungurume, a copper and cobalt.
We explore, mine and process metals around the world that are essential to our daily lives and an expanding global infrastructure. The concession lies 110 miles northwest of lubumbashi, katanga province, in the southeast of the drc. Table 211 phase 2 expansion capital cost spent yearend 20. A combination of auto and manual model fitting was employed, with the sill being. Tenke expansion straightforward freeport ceo the expansion of the giant tenke fungurume copper mine in the democratic republic of congo drc is progressing in a more straightforward manner than the original project, the chief executive of. Freeport, lundin eye congo expansion after contract approval. The phase 2 expansion is expected to increase copper production by 50% to.
Funding obligations for capital expansions at tenke fungurume are split 70. Tenke fungurume coppercobalt mine progressing well with phase 2 expansion in the drc posted by matrix on 4th january 2012 in the international mining march issue great mines article, john chadwick will describe one of the worlds great new coppercobalt operations, which is now expanding into its phase 2 operations for 195,000 ty of copper. Annual information form pdf lundin mining corporation. Freeport mcmoran provides resources that fuel global growth. Tenke fungurume mining tfm, an affiliate of freeport mcmoran copper. The advancement of these studies will provide flexibility in initiating expansion projects as market conditions warrant, enabling fcx to continue to maintain its position. Freeport is planning a second phase of the tenke project, which would include optimizing the current plant and increasing capacity. As part of the second phase, the company is completing studies to expand the milling rate to 14,000 mtd of ore and to construct related processing facilities that would target the addition of approximately 150. Apr 20, 2011 the second phase expansion could boost production to between 175,000 tons and 225,000 tons of copper per year over the next two to three years, according to a feb. Freeport, lundin eye congo expansion after contract. Sep 12, 2014 katanga, drcbased tenke mine owner tenke fungurume mining tfm, in which freeport mcmoran fmx owns a 56% stake, has realised a steady and substantial increase in copper and cobalt production between 2011 and 20 climbing in the space of two years from 127 000 to 209 800 t metric of copper and 11 200 to12 800 t of cobalt.
Construction on the site began in the latter part of 2006, and in 2009, tfm produced its first copper. Fungurume, 195 km from lubumbashi and 125 km from kolwezi, and the town of tenke, at about 30 km from fungurume towards kolwezi. Production of cobalt from coppercobalt ores on the. A world of opportunities a world of assets investors freeport. The tenke fungurume estimate is dated december 31, 2011. Fcx uses a unique hourglass approach to conducting business. Freeport mcmoran copper and gold inc fcx is the operator of the. Alain kombha regional supervisor helios towers africa dr. Freeport operates the project and owns an effective 57,75% stake, while vancouverbased lundin. Estimates for all 100% owned operations are prepared by or under the supervision of a qualified person as defined in national instrument 43101. We believe an expansion of tenke fungurume to phase 3 could add. Apr 27, 2012 phase ii expansion to 195 000 tonnes copper remains on time and on budget, lundin said in its 2012 first quarter financials. Tenke fungurume mining an update is a normal and oftenused approach. Tenke fungurume mining was formed for the purpose of developing the deposits of copper, cobalt and associated minerals.
Project tenke fungurume mining phase 2 expansion project value usd755 000 000. Gerardo go project manager royal haskoningdhv linkedin. Tenke fungurume phase ii expansion project jun 2011 aug 20. Lundin congo project faces slight delay, cost hike reuters. Covering best practices for the industry sulfuric acid. Tenke fungurume mining sarl tfm a drc incorporated company. Special care must be taken to address the lower oxygen to sulphur dioxide ratio. Tenke fungurume mining company tfm, an affiliate of freeport mcmoran inc.
With the successful commissioning of a 600 td sulphuric acid plant as part of the new metallurgical complex in lualaba province in the drc, tenke fungurme mining tfm continues to develop this site and increase copper production using a systematic approach. Ben bafunani radebe site engineer group 5 housing linkedin. Tenke fungurume fungurume sa is a leading copper and cobalt producer, with mines and processing facilities situated within the african copper belt in the democratic republic of the congo. The concession is located approximately 180 kilometers northwest of the provincial capital of lubumbashi and includes the towns of tenke and fungurume. The acquisition enhances fcxs cobalt marketing position, product portfolio and product development capabilities and provides direct endmarket access for the cobalt hydroxide production at tenke.
Lundin mining corporation tenke fungurume, drc land matrix. The expansion included additional mining equipment, mill upgrades, acid plant expansion and a doubling of the existing tank house capacity. Tenke fungurume looks to the future with second acid. Low costs at tenke fungurume bolster lundin the northern. Copper cathode production will rise to 195,000 ty, and cobalt hydroxide output will be 15,000 ty. Freeport operates the project and owns an effective 57,75% stake, while vancouverbased lundin mining holds 24,75% and drc stateowned miner gecamines owns the balance.
Tenke s substantial mineral endowment supports a long mine life and future expansion opportunities. Valuation of investments in tenke fungurume and freeport cobalt. Freeport mcmoran from the united states us acquired phelps dodge, and together they formed the. Fcx, as operator of the tenke fungurume mining operations in the democratic republic of congo drc has advised that its board has approved the undertaking of a second phase of. Aggressive exploration work is in progress on the tenke fungurume mineral concessions with the aim of upgrading resources to reserves to support expansion plans. Freeport is focused on increasing production at its existing assets.
This followed amecs appointment to commence the detailed design phase of the project in mid 2006. Tenke fungurume mining sa is also home to one of the worlds largest known copper and cobalt deposits, and is the largest copper producer in the drc. Tenke fungurume, in the southern congolese copper belt, is one of the worlds largest copper deposits. Tenke fungurume mine phase 2 apr 2012 apr 2012 contracted by freeport mcmoran, redis construction afrika was involved in the procurement, logistics, transportation and erection of 97km of piping work for the tenke fungurume mining project, inclusive of the supply of all management, supervision, labour, plant and equipment. In the international mining march issue great mines article, john chadwick will describe one of the worlds great new coppercobalt operations, which is now expanding into its phase 2 operations for 195,000 ty of copper cathode and 15,000 ty of cobalt. Steve fuller operations manager auckland srg global. Technical report tenke fungurume resource and reserve update 20. Freeport to sell prized tenke copper mine to china moly. Alain kombha regional supervisor helios towers africa. The tenke fungurume copper and cobalt deposits are part of the central african copper belt.
Feasibility and implementation of communitybased malaria. Tenke fungurume mining company tfm, located in katanga province. Freeportmcmoran inc has agreed to sell its majority stake in the tenke. Employed by ibp construction consultants and contracted to freeport mcmoran incorporated to do work on the tenke fungurume mining project geographic location. Lundin mining and freeport will together fund the initial acquisition costs on. Local hills rise 200 to 300 meters above the mean elevation. Freeport studies expansion options at tenke fungurume. In her lundin models, bukacheva is including a phase three tenke expansion, which would take the mine to 300,000 tonnes of copper production per year from its current 200,000 tonnes by 2018.
Tfm completed its second phase expansion project in early 20. Lundin mining updates on the tenke fungurume coppercobalt. Tenke proven and probable mineral reserves are estimated by the operator freeport. The tables attached to this release summarize the mineral reserves and resources for the tenke fungurume coppercobalt mine, in which lundin mining has an ultimate 24% equity interest a, are reported as at december 31, 2011. For phase 1 of the expansion study, the following key.
The mineral reserves are prepared to sec standards while the mineral resources shown in the text and the table are not reported under united states sec guidelines, but are reported under the 43101 canadian guidelines. Table 234 open pit phase development activity by phase. The project involves the development of one of the worlds largest, highest grade undeveloped copper resources in the world. Tenke fungurume coppercobalt mine progressing well with. In 2011, tfm finalized an addendum to the 2007 esia, which included a phase ii expansion of the tfm plant and mining operations to the tenke fwaulu ore deposits. The democratic republic of congo drc position quantity surveyor for the client project tenke fungurume mining phase 2 expansion project value usd755 000 000. Tenke fungurume mine means the deposits of copper, cobalt and. The ore reserves for the first phase of the project are expected to last about 41 years.
Through attractive brownfield expansion projects, including those at cerro verde, morenci and tenke fungurume mining tfm, we expect to grow copper. Tenke fungurume mining sa tfm is one of the largest copper and cobalt producers in the democratic republic of congo drc. Fcx announced today a new organizational structure for its operations management team following a decision by tim snider, president and chief operating officer, to retire effective april 1, 2008. The phase 2 expansion of tenke fungurume was completed in 2014 increasing annual copper production by 50% to a nameplate of 195,000 tonnes copper cathode and 15,000 tonnes cobalt hydroxide. Aggressive exploration work is in progress on the tenke fungurume mineral concessions with the aim of upgrading resources to reserves to support expansion. Producing since 2009, it is 56 percent owned by freeport, with a 24 percent stake held by lundin. Lundin funds 30% of capital requirements at tenke while project operator, freeport, which owns a controlling 56% stake, caters for 70% of the expansion s financing. Lundin says tenke fungurume phase ii on track mining surplus. Low costs at tenke fungurume bolster lundin the northern miner.
Tfh, a subsidiary of lundin group, acquired majority interest in the project through a public tender process. Tfm is owned by phelps dodge corporation, usa which recently was taken over by freeport mcmoran of usa at 57. Tenke fungurume estimate is dated december 31, 2011. The tenke fungurume copper and cobalt deposits are part of the central african copperbelt.
The majority of the work was done by manual laborers, together with the aid of a. The operations will continue to be managed by geographic region, including north america, south america, indonesia and africa. Phase 2 expansion the phase 2 expansion, which will increase total annual mine production to approximately 195,000. Fcx has a dynamic portfolio of operating, expansion and growth projects in the. The ore comes to the surface in a series of hills within the concession. The tenke fungurume mines coppercobalt deposits are believed to be one of. The mineral reserves are prepared to sec standards while the mineral resources shown in the text and the table are not reported under united states sec guidelines, but are reported under the 43101. Managements discussion and analysis for the year ended. A phase 2 expansion of the plant was completed in 2014, which has. The mine has since become a vital source of income for local communities and the country by way of royalties and taxes, as well as the largest employer in the region. Improvements in copper electrowinning at tenke fungurume mining. Tfm has promised around 2,000 jobs during the preparation phase.
1284 6 811 396 1484 383 1169 474 1139 1395 806 401 156 890 314 1406 594 1397 940 300 58 824 268 226 241 962 117 774 479 753 1497 1471 942 480 871 676 454 1057 407