Record-Breaking Revenue and Production
Kamoa-Kakula achieved its highest ever quarterly revenue of $973 million, up 15% from the previous quarter. The complex also set a new monthly production record in April with over 50,000 tons of copper produced.
Operational Improvements
The milling rate at Phase 3 was 20% higher than designed capacity, and imported power was doubled, resulting in improved operational stability.
Sustainability and Economic Contribution
Kamoa-Kakula and Kipushi contribute about 8% to the GDP of the DRC, with $1.1 billion paid in taxes and royalties to the government. Workforce grew by 38% year-on-year, with a focus on local employment.
Smelter Commissioning
The largest copper smelter in Africa is set to start operations, expected to significantly reduce logistics costs and enhance margins.
Exploration and Expansion
Significant exploration efforts in Western Forelands, with a 35% increase in budget and 20% more drilling planned. New licenses acquired in Zambia and Angola.