Thoughts on the Corridor | 002
Official newsletter of the Lobito Corridor IPA presenting news, views, and announcements impacting the Lobito Corridor.
Welcome to the official Lobito Corridor Investment Promotion Authority (the “IPA” or “LCIPA”) newsletter for all private and public sector stakeholders to stay informed and up-to-date on the Lobito Corridor.
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Investment News
📰 Lobito Corridor Energized By $150 Million AFC Loan for Kamoa-Kakula Expansion
The Africa Finance Corporation (AFC) granted a $150 million loan to expand the Kamoa-Kakula Copper Complex, the largest and most important mine along the Lobito Corridor. By Q4 2024, it aims to be the world's third-largest copper mine, producing 600,000 tonnes annually. This joint venture of Ivanhoe Mines (39.6%), Zijin Mining (39.6%), and Crystal River Global (0.8%) has paid over $600 million in taxes and royalties to the DRC, contributing 4% to the nation’s GDP.… Read More
🎦 History of the Kamoa-Kakula Complex
The Kamoa-Kakula Copper Complex, one of the most strategic mines along the Lobito Corridor, is currently the fourth-largest copper mine in the world. With the completion of its expansion works this year, it is set to become the third-largest.