Ivanhoe and China’s CNMC to work together in Africa

By Jonathan Campion
The Canadian company and China Nonferrous Metal Mining have signed an agreement to develop and acquire mining projects in Democratic Republic of Congo...

This strategic partnership foresees joint activities in production, smelting and logistics.

Both companies are already active in Africa. Ivanhoe is currently developing the Kamoa-Kakula project, also in the Democratic Republic of Congo, as well as the Platreef project in Limpopo, South Africa. 

CNMC launched Congo’s first large-scale copper smelter in January, the Lualaba smelter, which is located 45km from Ivanhoe’s Kamoa-Kakula project. CNMC is also the majority owner of the Deziwa copper and cobalt mine, which is a joint venture with the country’s state mining company Gécamines.

Robert Friedland, the co-chairman of Ivanhoe Mines, commented on the new agreement: “Our long-standing relationship with CNMC goes back decades to when Wu Jianchang was the general manager of China National Nonferrous Metals Industry Corporation − a pioneer industrial group specialising in the mining and metallurgy sector.

“Our good friends at CNMC are aware of the enormous challenges of discovering and building a new world-scale copper, nickel, zinc, or platinum-group metals mine”.

Wang Tongzhou, the chairman of CNMC, commented: “I strongly believe that cooperation is the best way to achieving the goals of both companies”.


Featured Articles

China-Indonesia Nickel Dominance Fears Following LME Listing

China-Indonesia joint-venture PT CNGR Ding Xing New Energy has nickel product listed on London Metals Exchange, sparking nickel domination fears

EU 2023 Figures show Mining has Stalled on GHG Emissions

European Union figures from Eurostat show that – although EU GHG emissions fell in 2023 – mining made no progress, with coal mining the worst culprit

Rio Tinto, not Anglo American, 'is BHP's Real Target'

As Anglo American restructures in face of takeover bid, experts believe BHP's real target is Rio Tinto, the world's second largest metals & minerals miner

Anglo American Rejects Latest BHP Bid for Copper Supremacy

Supply Chain & Operations

Investing in America Boost for US Critical Minerals Mining

Supply Chain & Operations

Australia Looks to Loosen China's Grip on Critical Minerals

Supply Chain & Operations