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About Copper Mining

Why
Copper Mining

Copper mining in the Democratic Republic of the Congo mainly takes place in the Copper Belt (Also known as Copper Belt of the World) of the southern Katanga Province of the Democratic Republic of the Congo. The Katanga, or Shaba, copper belt in the DRC is a belt about...

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Copper mining in the Democratic Republic of the Congo mainly takes place in the Copper Belt (Also known as Copper Belt of the World) of the southern Katanga Province of the Democratic Republic of the Congo. The Katanga, or Shaba, copper belt in the DRC is a belt about 70 kilometres wide and 250 kilometres long between Lubumbashi and Kolwezi formed in rocks of the Katanga Supergroup. There are 72 economic deposits of copper/cobalt and four large mining centres. Taken together, the DRC and Zambian copper belts are the second largest global reserve of copper, about 1/3rd the size of the Chile an reserve.

The DRC copper belt includes some of the highest grade copper deposits in the world. In some reserves the grades are above 5%. The ore also has high grades of cobalt and may hold 34% of the world's cobalt reserves. There are large deposits that have yet to be explored using modern technology, so the size of the reserves may be understated. Demand is growing, led by China.

Contains in excess of 10% of the world's known copper resources and about 34% of global cobalt deposits.

About Safcoming

SAFCO has exclusive rights to put up copper sulphate plant at the mining site of Gecamines at various locations.

SAFCO Mining S.A.R.L. was established in 2014 as a joint venture of Mr.Kamlesh Jain, Mr.Atul Joshi, and Mr.Reza Moosa to install Copper Sulphate plant. The plant originated from Benco Plant Repairs CC, South Africa – specializes in plant, machinery, and technology of said project.

Mr.Atul Joshi and Mr.Reza Moosa were working potentially in the field of Rough Diamond, Gold, and Copper since 1997 and earned a good reputation in the export-import business of said commodities. Later they acquired copper mines on lease from Gecamines – (a state-owned mining company in the DRC.) and have installed a big plant to upgrade low-grade copper ore to high grade - suitable for Arc Furnace for copper ore refining. Further, they have decided to install an Induction Furnace to upgrade copper ore purity to the tune of 98%.

SAFCO has acquired Rich Lime Stone mines on a lease which covers the area of 12sq.km. They developed 14 km. road and a bridge on the river to transport Lime Stone. Lime Stone is the main substance to extract copper from copper ore. At present 70% of Lime Stone is being imported by Gecamines. Hence SAFCO has a ready market in D R Congo for Lime Stone.

Gecamines uses a heap leaching process where they are mixing copper ore with concentrate Sulphuric Acid to extract copper from copper ore. This mixed mass Gecamines is transferring to SAFCO to extract copper sulphate. Here SAFCO is processing and delivering the mass and extracting Copper Sulphate to Gecamines - DRC for further process to make Copper Cathode.

SAFCO has mutual consent with Gecamines – DRC for their processing plant. SAFCO is availing part of the finished product - Copper Sulphate as processing charge and is free to sale in open market.

SAFCO has exclusive rights to put up copper sulphate plant at the mining site of Gecamines at various locations.

About Congo

Although citizens of the DRC are amongst the poorest in the world, The Democratic Republic of Congo is widely considered to be the richest Country in the world regarding natural resources; its untapped deposits of raw minerals are estimated to be worth in excess of US$ 24 trillion.

The economy of the second largest country in Africa relies heavily on mining. However, the smaller-scale economic activity occurs in the informal sector and is not reflected in GDP data. The Congo is the world's largest producer of cobalt ore, and a major producer of copper and industrial diamonds, the latter coming from the Kasai province in the West. The Congo has 70% of the world’s Coltan, and more than 30% of the world’s diamond reserves, mostly in the form of small, industrial diamonds.

Coltan is a major source of Tantalum, which is used in the fabrication of electronic components in computers and mobile phones. In 2002, Tin was discovered in the east of the country, china is mining Tin in a big scale.

The Democratic Republic of Congo also possesses 50 percent of Africa’s forests and a river system that could provide hydro-electric power to the entire continent, according to a U.N. report on the country’s strategic significance and its potential role as an economic power in central Africa

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