| Tenke Fungurume Project |
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Country |
Congo Dem. Rep. of
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Province |
Katanga |
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Close to |
Lubumbashi |
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Status |
PRODUCTION
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Surface |
1,500 km² / 370,650 acres |
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Latitude / Longitude |
10 S 36 / 26 E 07 |
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Legends
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Produces
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Cobalt - Copper -
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| Risk and valuation analysis of the Tenke Fungurume Project |
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| Title(s) of the Tenke Fungurume Project |
 | VanEck Vectors Global Alternative Energy ETF
Owner: 57.75% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | VanEck Vectors Global Alternative Energy ETF
Owner: 24.75% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| hrough the acquisition of Tenke, Lundin Mining obtained a 24.75% holding in the Tenke Fungurume project. Its partners are Freeport McMoRan Gold and Copper Company ("Freeport"), holding 57.75%, who is also the operator of the project and the Congolese state mining company, Gécamines, holding the balance of 17.5% as a free carried interest. |
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| Location of the Tenke Fungurume Project |
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The Tenke Fungurume copper-cobalt deposits comprise one of the world's largest, richest known copper-cobalt resources and are in the process of being developed into a large scale, long-life mine demonstrating low operating costs. The Tenke Fungurume more...
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| History of the Tenke Fungurume Project |
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The Tenke Fungurume deposits have a history dating back to 1917. Although numerous studies,
drilling campaigns and development efforts have been undertaken, the deposits have never been
mined commercially. There are numerous discreet, generally outcropping deposits located within the
concessions, however only a limited area has been very well explored.
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| Geology of the Tenke Fungurume Project |
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The Tenke Fungurume copper-cobalt deposits are typical of those that comprise the Central African
Copperbelt. The Copperbelt is located in a major geological structure called the Lufilian Arc, a 500 km
fold belt that stretches from Kolwezi in the s more...
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| Production history |
| Metal | 2009 |
| LEAD (lbs) | 96,677,111 |
| NICKEL (lbs) | 17,700,915 |
| ZINC (lbs) | 223,550,938 |
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Data last updated on : 3/31/2009
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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