Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

MMG’s Congo subsidiary has switched from mining oxide ore to mining sulphide ore, and has ceased production at its Kinsevere copper mine until April 2021. 


This switch is primarily the result of oxide ore reserves depleting over the years, and the firm projects the mine’s lifespan can be extended until 2030 by switching to suphide ore. 


The company has kept its production guidance for the year unchanged at 68,000-75,000 mt of copper, and has promised not to cut jobs as a consequence of halting production because only the mine will be affected, not the processing line, according to a company statement.


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