Katanga Mining, subsidiary of Swiss Giant Glencore, said on Tuesday March 8, 2016, that as a result of a geotechnical failure at its KOV open-pit project in Democratic Republic of Congo, two miners died and 5 others were reported missing. The company also revealed that the failure caused an unknown amount of damage to the dewatering infrastructure in the pit.
The firm mobilized its research and rescue team to find the missing workers and assess damages and valorization of the infrastructure.
The accident occurred while miners were working on dewatering the pit. In 2007, dewatering was initiated after the mine then inactive was flooded, by 10 to 12 cubic meter of water.
In September last year, the Company decided to stop processing copper and cobalt in DRC, for 18 months, and continue investing up to $880 million into on-going processing plants upgrades and stripping of KOV and Mashamba open pits by establishing a new leach plant.
The KOV mine is the world’s biggest source of high-quality copper. It contains four ore bodies namely, Kamoto East, Oliveira, Virgule and FNSR, accessible via the Kamoto East and KOV pits. With it, Katanga Mine produced in 2015, 225,000 tons of copper and cobalt for a turnover of $670 million.
Louis-Nino Kansoun
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...
Growth is projected at 27% annually, with agriculture, finance, and health sectors leading adoption—...
• GDP growth will ease to 3.5% in 2025 from 3.7% in 2024 and below the 3.8% forecast.• Drought-hit l...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
• Tanzania and Burundi begin construction of a $2.15 billion cross-border railway.• The 240 km line will cut Dar es Salaam–Bujumbura cargo trips...
• Inflation slowed for the third straight month, dropping from 23.71% in April to 21.88% in July.• Food inflation fell sharply year-on-year, from 39.53%...
• Africa’s private equity market is shifting as exits increasingly involve sales between funds rather than IPOs or strategic buyers.• Q2 2025 saw 147...
• Insurers and reinsurers must comply with new capital requirements within 12 months or lose licenses.• Life, non-life, and reinsurance companies face...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...