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Kolwesi Musonoi Project
Kolwesi Musonoi
Country Congo Dem. Rep. of 
Status MINE DEVELOPMENT 
Legends
Valorisation
Print Valuation Travel To Property All neighbouring Properties Mines and deposits nearby All active properties nearby
Produces
Develops Cobalt - Copper -
Explores for
Risk and valuation analysis of the Kolwesi Musonoi Project
Status Risk : Mine development
Country Risk : Important
Resource Risk : 59.00%
Title(s) of the Kolwesi Musonoi Project
First Quantum Minerals Ltd.
Interest: 65%
Company ProfileAll ProjectsCompany website
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
Gecamines
Interest: 12.5%
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
First Quantum holds 65% of Kolwezi, Gécamines holds 12.5%, the Industrial Development Corporation (IDC) of South Africa 10%, the International Finance Corporation (IFC) 7.5%, and the government of the DRC, 5%
Location of the Kolwesi Musonoi Project
The Kolwezi Project is situated within the Katanga region, which is inside the DRC portion of the Copperbelt. The project is accessed by unpaved road from Kolwezi, Kolwezi is situated approximately 320 kilometres northwest of Lubumbashi, which is the capital of the Katanga province in the DRC.
 
History of the Kolwesi Musonoi Project
Tailings located at the Kolwezi Project originated from a mineral concentrator at a mine owned by the DRC’s stateowned mining company, La Générale des Carrières et des Mines (“Gécamines”), which commenced operations in 1952. The concentrator processed ore from the western open-pit copper mines of the Katanga copper belt area of the DRC into copper concentrate which was then shipped from Kolwezi for smelting. The nature of the oxide ore meant that copper and cobalt recovery in the concentrate was incomplete. The resulting tailings therefore contained significant metal values.
 
Reserves and resources of the Kolwesi Musonoi Project
TonnageGradeReserves and resources
CobaltCopperCobaltCopper
%%lbslbs
 Measured67,424,6500.331.59 490 531 4992 363 469 948
 Indicated3,061,6980.381.40 25 649 577 94 498 441
 Mesured and Indicated70,486,3480.331.58 516 181 0762 457 968 389
 Total 70 486 348 516 181 0762 457 968 389
Definitions
Reserves and resources of the Kolwesi Musonoi Project
MetalTotalReservesResourcesUnitIn situ value
ProvenProbableProven and ProbableMeasuredIndicatedMesured and IndicatedInferred
 Copper2 457 968 389 2 363 469 948 94 498 4412 457 968 389 lbs7 607 412 164 US$
 Cobalt 516 181 076 490 531 499 25 649 577 516 181 076 lbs US$
Data last updated on : 8/11/2003
Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources