Kazakh miner ERG plans $800 million revamp of DRC copper, cobalt mine

Erg SA

20/10/2023 16:40

Oct 20 (Reuters) - Kazakh miner Eurasian Resources Group
(ERG) plans to invest $800 million to revamp its Comide copper,
cobalt mine in Democratic Republic of Congo, it said on Friday. 
     "The project includes the construction of a
hydrometallurgical plant, an extensive exploration and drilling
programme, as well as mine development," the company said in a
statement.
    ERG expects the hydrometallurgical plant to be complete by
the end of 2025. 
    The plant is designed for phased operational output, with
expansion potential to produce approximately 120,000 tonnes of
copper cathode and 15,000 tonnes of cobalt hydroxide annually.

 (Reporting by Ashitha Shivaprasad in Bengaluru; Editing by
Daniel Wallis)
 ((Ashitha.Shivaprasad@thomsonreuters.com;))