Misplaced Pages

#918081

19-535: The leading DRC copper company Anvil Mining brought the site into production in October 2002 with some 10% Community Trust involvement. The mine has a total of 481,000 tonnes of proven mineral reserves and over 650,000 estimated. While the mine was operational, heavy trucks carrying concentrate crossed Lake Mweru on a large motorised pontoon ferry from Kilwa to Nchelenge , a distance of 44 kilometres (27 mi), from where they drove 2,500 kilometres (1,600 mi) to

38-769: A 70% interest in the Mutoshi copper-cobalt project. The property included the old Mutoshi Mine , the Kulumaziba coarse rejects/tailings deposit, the Mutoshi Northwest deposit, the Nioka deposit, the [®:. Kamukonko  [ sv ] cobalt prospect, and prospective ground on the Kolwezi Klippe. In late 2005, Anvil started mining the tailings, at first with good results. Productivity began to decline in 2007 and 2008, and Anvil suspended tailings operations at

57-432: A UN Special Investigation into the incident that the military operation was made possible thanks to Anvil's support. Anvil later said it had no choice about letting the army use its vehicles and no knowledge of what they planned to do. However, Anvil made no mention of a requisition in its report for Q4 2004. Moreover, Anvil's chief executive, Bill Turner, did not say anything about a compulsory requisition when he discussed

76-578: A copper smelter in Tsumeb , Namibia . In October 2004 there was a small-scale uprising in Kilwa which was brutally suppressed by FARDC soldiers of the 62nd Brigade. Anvil Mining Congo was accused of providing logistical support to the troops. The company published a statement by the Traditional Chiefs of Moero Sector that firmly denied any involvement by Anvil in the massacre and that praised

95-520: A mining services company associated with the former governor of Katanga Province , Moïse Katumbi . A joint report released by the Congolese non-governmental organizations Humanisme et Droits Humains , JUSTICIA Asbl , and Ligue Congolaise de luttecontre la Corruption claimed that MMG was exerting pressure on the magistrates in order to sway the outcome of the court case in MMG's favor. An article from

114-540: Is located 30 kilometres (19 mi) north of Lubumbashi , Katanga Province , Democratic Republic of Congo. Kinsevere is in the Kipushi Territory in Katanga province. There are three deposits: Central Pit, Mashi and Kinsevere Hill. These are mostly stratiform deposits in alternating dolomitic and terrigenous formations. The dolomitic rocks that underlay the formations are excellent aquifers. The deposit

133-534: Is studying the potential for further increasing the rate of production. In September 2011, the Hong Kong-listed Minmetals Resources Ltd announced a $ 1.3 billion offer to by Anvil Mining, which was unanimously accepted by Anvil's board. Gécamines claimed the acquisition triggered a review of the projects' lease, and threatening to block the deal. Minmetals extended the timeframe of its offer several times to allow time for

152-730: The Dikulushi mine in July 2010. The mine was mothballed in 2015 by Mawson West after the mine produced lower than expected yields of copper Facing financial difficulties, Mawson West was acquired by Galena Private Equity Resources (a subsidiary of Trafigura ) and delisted from the Toronto stock exchange. The Dikulushi mine was subsequently acquired by the China-based JCHX group ( Chinese : 金诚信 ) in 2019. Anvil Mining Anvil Mining ( French : Extraction à l'enclume )

171-518: The company for the benefits it had brought to the region. As of December 4, 2008, Anvil had placed Dikulushi Mine on "Care and Maintenance" due to the low prices of copper. In March 2010, Anvil sold the mine to Mawson West Limited. The transfer would let Anvil focus on its larger copper projects, including the Kinsevere Stage II project expected to start commissioning early in 2011 and to produce 60,000 tonnes annually. Mawson West reopened

190-601: The company resigned, and shares of the company were set to be delisted. Anvil Mining operated the Dikulushi Mine near Kilwa, Katanga . In October 2004 there was a small-scale uprising in Kilwa which was brutally suppressed by FARDC soldiers of the 62nd Brigade. Anvil Mining Congo was accused of providing logistical support to the troops. Indeed, the Commander of the 6th military region in Lubumbashi informed

209-456: The dispute to be resolved. In February 2012, Gecamines dropped its opposition to the deal. Minerals and Metals Group then announced a successful takeover bid for Anvil worth $ 1.3 billion, including a 95% stake in the Kinsevere mine. In March 2020, a court ordered some of the operations' assets to be frozen, due to a $ 258 million wrongful termination lawsuit from Mining Company Katanga ,

SECTION 10

#1732800958919

228-620: The end of 2008. In February 2010 it was announced that the Australian exploratory mining company Mawson West was to acquire the Dikulushi copper-silver mine, which had been on care and maintenance since the fourth quarter of 2008. Anvil would receive 28% stake in Mawson in return. The transfer would let Anvil focus on its larger copper projects, including the Kinsevere Stage II project expected to start commissioning early in 2011 and to produce 60,000 tonnes annually. Mawson West also acquired

247-538: The governorship of Katanga province in 2007. For the year of 2011, Anvil expected to produce between 36,000 and 38,000 tonnes of copper as copper cathodes and copper in concentrates. Anvil was completing construction of a $ 400 million SX-EW plant to extract the copper, and the Heavy Media Separation plant was scheduled to shut down at the end of June 2011. After the upgrades, the mine is expected to produce about 60,000 tons of copper annually. Anvil

266-469: The incident in an Australian television documentary in early June 2005. The claim was not made until late June 2005, after this documentary was aired and nearly nine months after the incident. The company published a statement by the traditional chiefs of Moero Sector that denied any involvement by Anvil in the massacre and that praised the company for the benefits it had brought to the region. In November 2004, Anvil Mining agreed to pay US$ 12.5 million for

285-410: The outlet Africa Intelligence claimed the non-governmental organizations responsible for the report were motivated by political support for Katumbi, an allegation that the organizations strongly deny. In late 2020, MMG announced the mine would be transitioning from sulfide ore to oxide ore, halting mining October 1. While no mining took place at Kinsevere in 2021, as of March 2022, MMG has announced

304-580: The rights to a copper mine in the Kapulo area of Pweto Territory , Katanga Province from Anvil Mining in May 2010. The ore deposit is north of the main copper belt in the Kundelungu Plateau zone. In September 2011 a friendly takeover offer from Chinese Minmetals Resources was announced, causing a surge in share prices. Minmetals Resources is a unit of the state-owned China Minmetals Group . It

323-730: Was a copper producer that has been operating in the Democratic Republic of the Congo (DRC) from 2002 to 2012. The company headquarters were in Montreal, Quebec , Canada. Anvil was listed on the Toronto Stock Exchange and the Australian Stock Exchange . As of September 2011 its major shareholder was Trafigura Beheer . Following it being acquired by MMG Limited , most of board members of

342-567: Was expected that Anvil could produce 60,000 tons of copper cathode yearly, starting in 2012. After the takeover announcement, the DRC's state-owned Gécamines mining company said that the change of ownership would lead to reviews of the agreements related to Anvil's projects at Kinsevere and Mutoshi Mine . Kinsevere Kinsevere is an open pit mine and Heavy Media Separation plant with an electric arc furnace formerly operated by Anvil Mining , and now operated by Minerals and Metals Group . It

361-622: Was originally owned fully by Gécamines , the mine was leased out on a 25-year term to Moïse Katumbi 's Mining Company Katanga (MCK). By June 2006, stage I development of the mine was being carried out by AMCK , a joint venture owned 70% by the Australia-based Anvil Mining , and 30% by Mining Company Katanga . Anvil then increased its interest in the venture to 95%. The proceeds from the sale, along with nearby deposits, netted Katumbi $ 61.3 million, which he used to finance his successful American-style election campaign to

#918081