Copper Supply Disruptions Mount as Congo Halts Mine Operation Due to Radiation

Operations have been suspended at the La Compagnie Minière de Musonoie (COMMUS) copper and cobalt mine in the Democratic Republic of Congo due to concerns over excessive radiation levels in the cobalt produced there.

The mine, owned by Zijin Mining Group Ltd. and Gecamines, halted production earlier this week as government officials oversee testing of cobalt shipments that were exported and returned.

The COMMUS project in Kolwezi, Lualaba province produced 129,000 tons of copper and 2,200 tons of cobalt last year. Congo has some uranium deposits in its southeastern Katanga region which can occasionally lead to contamination. Cobalt is extracted as a by-product of copper mining.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The shutdown comes amid disruptions in the global copper supply, including the closure of First Quantum’s Cobre Panama mine and lowered guidance from Anglo American. China’s Zijin owns 72% of COMMUS, with Congo’s state mining company Gecamines holding the remaining 28% stake. Zijin also has an interest in Ivanhoe’s Kamoa-Kakula, Congo’s largest copper mine.

Meanwhile in Chile, Codelco is expected to see a dip in output this month after a fatal accident at its Radomiro Tomic mine. Chile’s Mining Minister Aurora Williams said Codelco’s April production “is probably going to go down a little” due to this disruption, though she expects a recovery in the third quarter. Codelco, battling to remain the world’s top copper producer, has seen output slump to 25-year lows.


Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Everybody Should Own Gold | George Bee – U.S. Gold Corp.

A $40M Company Created $2B in Mining Value | John-Mark Staude – Riverside Resources

The Debt Crisis Is Turning Gold Into Money | Shawn Khunkhun – Contango Silver and Gold

Recommended

Power Metallic Starts PEA on Lion and Nisk Main Deposits, Eyes First Half 2027 Completion

Cambria Gold Targets Q4 2027 Mill Restart at Premier as Red Mountain Road Clears Final Permit

Related News

Why Copper Needs $6/lb Before New Mines Get Built | Altius Minerals with Brian Dalton

In this interview, Brian Dalton, CEO of Altius Minerals Corporation (TSX: ALS), provides comprehensive insights...

Wednesday, November 20, 2024, 03:01:00 PM

After Teck Rejected Its Acquisition Bid, Should Glencore Sell Itself Instead?

The mining M&A space has been rustled recently with the news that Glencore extended an...

Thursday, April 6, 2023, 10:43:43 AM

Pegasus Resources: New Exploration Focus In B.C.

Pegasus Resources (TSXV: PEGA), formerly Pistol Bay Mining, recently made a series of interesting moves...

Saturday, January 23, 2021, 05:32:00 PM

Copper Retreats from May High as China’s Economic Boost Falls Short

Base metals markets are experiencing a significant downturn, with copper leading the decline amid concerns...

Tuesday, July 23, 2024, 11:03:43 AM

Failed Tailings Dam In A Chinese Copper Mine In Zambia Caused The Nearby River To “Die”

A breach at a tailings dam in northern Zambia has sparked intense debate over the...

Monday, March 17, 2025, 02:57:00 PM