Shituru Explained

Shituru
Pushpin Map:Democratic Republic of the Congo
Pushpin Label Position:top
Coordinates:-11.0126°N 26.7508°W
Place:Likasi
Subdivision Type:Province
State/Province:Haut-Katanga
Country:DR Congo
Owner:Pengxin Mining Holdings
Gécamines
Products:Copper
Cobalt

Shituru is a town that is now a commune of the city of Likasi in Haut-Katanga province, Democratic Republic of the Congo. It is also the location of a copper mine, smelter and hydrometallurgical plant that was operated by the state-owned Gécamines.[1]

Shituru was the site of an open cast copper mine that had been abandoned as of 1992.[2]

The East China Capital Holdings Ltd. held an option to acquire a 75% stake in the Shituru mine from Gecamines. In May 2005, International Barytex Resources Ltd. announced that it was buying a 86.67% stake in East China Capital Holdings for an effective 65% interest in Shituru Mining Corporation sprl (SMCO), the joint venture which holds the mine itself.[3]

In September 2008 Gécamines' partner, International Barytex Resources of Vancouver, British Columbia, Canada, announced that it had completed a feasibility study for developing an open pit, ore processing and electrowinning facility at Shituru.The operation would process 900,000 tonnes of ore annually and produce 38,000 tonnes of LME grade cathode copper.[4] In July 2009 International Barytex Resources said it had received payment in full for the sale of its interests to Touch Lucky Investments.[5]

The Shanghai-based Pengxin Mining Holdings says they started construction at the mine in September 2010, and placed the mine back into production in March 2012.[6] In 2018, Pengxin announced an agreement to sell about a third of the mine's output to be used by the lithium battery maker Dangsheng Technology.[7]

Notes and References

  1. Web site: Exploitation . Gécamines . 2011-11-07 . dead . https://web.archive.org/web/20111016003742/http://www.gecamines.cd/exploitation.php . 2011-10-16.
  2. Web site: Shituru Mine, Likasi, Katanga Copper Crescent, Katanga (Shaba), Democratic Republic of Congo (Zaïre) . Mindat . 2011-11-07.
  3. Web site: INTERNATIONAL BARYTEX RESOURCES LTD: News Release. 2006-05-17. 2022-08-05.
  4. Web site: Positive Feasibility Study Received for Shituru Copper Project . September 15, 2008 . INTERNATIONAL BARYTEX RESOURCES LTD . 2011-11-07.
  5. Web site: SHITURU UPDATE - FINAL PAYMENT RECEIVED . July 16, 2009 . INTERNATIONAL BARYTEX RESOURCES LTD . 2011-11-07.
  6. Web site: Shituru Mining Corporation . Pengxinzy.com . 2018-08-07 . https://web.archive.org/web/20220806000156/http://www.pengxinzy.com.cn/business/main/view.htmls?id=5 . 2022-08-06 . live . 2022-08-06.
  7. Web site: Shihua . Tang . Yushuo . Zhang . Wei . Xu . Shicong . Dou . Wen . Wei . Dangsheng Tech, Pengxin Ink Five-Year Cobalt Supply Deal . Yicai Global . 2018-09-27 . 2022-08-06.