Dikulushi Mine Explained

Dikulushi mine
Pushpin Map:Democratic Republic of the Congo
Pushpin Label:Dikulushi mine
Pushpin Map Caption:Location in the Congo
Coordinates:-8.8939°N 28.2726°W
Place:Lake Mweru
Subdivision Type:Province
State/Province:Haut-Katanga
Country:DR Congo
Owner:JCHX Mining Management Co Ltd
Acquisition Year:2019
Products:Copper Silver
Financial Year:2010
Amount:Copper: 400 tonnes/month Silver: 35,000 ounces/month
Opening Year:2002

The Dikulushi mine is a copper and silver mine in the Democratic Republic of the Congo. It is located some 23km (14miles) west of Lake Mweru and 50km (30miles) north of Kilwa in the Moero Sector of Pweto Territory, Katanga Province.

The leading DRC copper company Anvil Mining brought the site into production in October 2002 with some 10% Community Trust involvement. The mine has a total of 481,000 tonnes of proven mineral reserves and over 650,000 estimated.While the mine was operational, heavy trucks carrying concentrate crossed Lake Mweru on a large motorised pontoon ferry from Kilwa to Nchelenge, a distance of 44km (27miles), from where they drove 2500km (1,600miles) to a copper smelter in Tsumeb, Namibia.[1]

In October 2004 there was a small-scale uprising in Kilwa which was brutally suppressed by FARDC soldiers of the 62nd Brigade.Anvil Mining Congo was accused of providing logistical support to the troops.[2] The company published a statement by the Traditional Chiefs of Moero Sector that firmly denied any involvement by Anvil in the massacre and that praised the company for the benefits it had brought to the region.[3] As of December 4, 2008, Anvil had placed Dikulushi Mine on "Care and Maintenance" due to the low prices of copper.

In March 2010, Anvil sold the mine to Mawson West Limited. The transfer would let Anvil focus on its larger copper projects, including the Kinsevere Stage II project expected to start commissioning early in 2011 and to produce 60,000 tonnes annually.[4] Mawson West reopened the Dikulushi mine in July 2010.[5] The mine was mothballed in 2015 by Mawson West after the mine produced lower than expected yields of copper [6]

Facing financial difficulties, Mawson West was acquired by Galena Private Equity Resources (a subsidiary of Trafigura) and delisted from the Toronto stock exchange.[7] [8] [9]

The Dikulushi mine was subsequently acquired by the China-based JCHX group in 2019.[10] [11]

See also

External links

Notes and References

  1. http://www.anvilmining.com/prj_dikulushi2.shtml Anvil Mining: "Dikulushi Operation".
  2. Web site: Anvil Mining and the Kilwa Massacre, D.R. Congo: Canadian Company Implicated? . MiningWatch Canada . June 16, 2005 . 2011-11-03.
  3. Vote of confidence in Anvil . October 2005 . 1 . 2 . The Anvil . 2011-11-03.
  4. Web site: Anvil Mining sells Dikulushi project to Mawson West . Proactive Investors . February 26, 2010 . Jamie Ashcroft . 2011-11-03.
  5. http://www.mawsonwest.com.au/IRM/content/projects_operations_dikulushi.html DIKULUSHI
  6. Web site: Mawson West mothballs Dikulushi mine as shares plummet 42% . Mining Review . January 21, 2015 . Vicky Sidler . 2021-11-30 . 2021-11-30 . https://web.archive.org/web/20211130064643/https://www.miningreview.com/top-stories/mawson-west-mothballs-dikulushi-mine-as-shares-plummet-42/ . dead .
  7. Web site: BRIEF-Mawson west announces notice of acquisition by galena private equity resources fund . Reuters . 2016-10-20 . 2022-07-31.
  8. Web site: Limited . Mawson West . Mawson West Announces Notice of Compulsory Acquisition by Galena Private Equity Resources Fund and Notice of TSX Delisting . GlobeNewswire News Room . 2016-10-20 . 2022-07-31.
  9. Web site: Trafigura arm extends $20 mln to Mawson West's Congo copper mine . Reuters . 2016-03-02 . 2022-11-26.
  10. Web site: China's JCHX on its evolution from global mining contractor to mine owner and developer . International Mining . 2021-07-15 . 2022-07-31.
  11. Web site: Shihua . Tang . Wei . Xu . China's JCHX Mining to Pay USD2.75 Million for DRC Copper Mines . Yicai Global . 2019-08-28 . 2022-07-31.