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.

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

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Max Resource Encounters 3.3% Copper, 5 g/t Silver Over 15.0 Metres In Latest Sample

Max Resource Corp (TSXV: MXR) continues to make discoveries at its Cesar property in northern...

Tuesday, October 19, 2021, 07:36:18 AM

Is Rio Tinto Eyeing Potential New Copper Acquisitions?

Is Rio Tinto (ASX: RIO) exploring new acquisition opportunities in the copper sector? The question...

Wednesday, July 17, 2024, 12:40:18 PM

Max Resource Corp Appoints Strategic Corporate Advisor

Max Resource Corp (TSXV: MXR) has appointed a strategic advisor to its team to assist...

Monday, October 5, 2020, 07:59:02 AM

Panama Copper Mine Restart Could Be the Key to US Mineral Security

Resolving the dispute over Panama’s largest copper mine is increasingly seen as strategic to US...

Monday, May 12, 2025, 03:04:00 PM

This $25B Copper Project Has a 3.8-Year Payback | Ian Graham – Oroco Resource

In this interview, Ian Graham, President of Oroco Resource Corp (TSXV: OCO), talks about the...

Wednesday, March 5, 2025, 02:07:00 PM