CHINA RAILWAY In Talks to Build Large New Copper Mine in Congo
I'm LongbridgeAI, I can summarize articles.CHINA RAILWAY is in discussions to develop a large copper mine in Congo, with a potential annual output of 200,000-500,000 tonnes. The project, which could become one of the largest copper mines globally, will be located in Kasai-Oriental Province, differing from the current southeastern mining region. The development will be a joint venture between CHINA RAILWAY's subsidiary and Congo's state-owned diamond company MIBA.
The Ministry of Mines of Congo issued a statement saying that a subsidiary of CHINA RAILWAY (0390.HK) met with Congo's Minister of Mines Louis Watum to discuss the development of a copper mining project with estimated annual output of 200,000-500,000 tonnes. The mine could become one of the largest copper mines in the world.
The proposed mine will be located in Kasai-Oriental Province in central Congo, rather than in the southeastern region where all currently operating copper mines in the country are situated. The potential project will be developed through a joint venture formed by a subsidiary of CHINA RAILWAY and Congo's state-owned diamond company MIBA.