Sino-Canadian Copper Mining Venture in the DRC Generates $434 Million in Profit

Canadian mining giant Ivanhoe released its 2022 full-year earnings on Monday that revealed the company made a robust profit of $434 million from the Kamoa-Kakula copper mine in the Democratic Republic of the Congo, which it jointly operates with Chinese mining major Zijin Mining Group.

The Kamoa-Kakula mine generated 215 percent more copper in 2022 than it did in 2021 and Ivanhoe expects it to produce even more in 2023. (MUGGLEHEAD MAGAZINE)

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.



source https://chinaglobalsouth.com/2023/03/16/sino-canadian-copper-mining-venture-in-the-drc-generates-434-million-in-profit/

Comments

Popular posts from this blog

China Angry With Japan Over G7 Joint Statement, Labels Accusations as “Hype”

The Growing Influence of Chinese Policing in Africa

Papua New Guinea, Micronesia to Sign Agreement With U.S. as Pacific Island Countries Increasingly Take Sides in Great Power Rivalry