About us
Nikanor is a mining group with assets in the heart of the African copperbelt in the Democratic Republic of Congo. The group’s key mine is KOV, containing one of the world’s largest high quality copper and cobalt ore bodies. Nikanor is rehabilitating this proven and well documented brownfield site and building a major state-of-the-art refining plant to produce 250,000 tonnes per year of LME A-grade copper cathode and 27,500 tonees per year of cobalt products.
Nikanor is the majority shareholder in the Democratic Republic of Congo based joint venture company DCP (DRC Copper and Cobalt Project). Nikanor’s partner in this joint venture is Gécamines, a parastatal mining company wholly owned by the DRC state.
Nikanor is investing $1.8 billion to restart operations at the flagship KOV mine and build a state of the art refinery, both of which will be operated by DCP. In addition to this, the company is currently selling copper/cobalt concentrate produced by the Kolwezi Concentrator from ore sourced from the Kananga and Tilwezembe mines.
When the group’s new refinery starts operation, currently planned for the end of 2009, it will become a major low cost producer of copper and one of the world’s largest producers of cobalt.
Fact sheet
Nikanor fact sheet(PDF - 1.29MB)
Products
The Group currently produces copper/cobalt concentrate which is sold to third parties for further refinement. When the new refinery is operational, the Group will become one of the largest cobalt producers in the world.