| Risk and valuation analysis of the Kolwesi Musonoi Project |
| Status Risk : Mine development |
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| Title(s) of the Kolwesi Musonoi Project |
 | First Quantum Minerals Ltd.
Interest: 65% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Gecamines
Interest: 12.5% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| 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% |
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| Location of the Kolwesi Musonoi Project |
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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.
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| History of the Kolwesi Musonoi Project |
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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.
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