Eurasian Resources Group (ERG), a Kazakhstan-based mining company, has announced an $800 million investment for the revitalization of its Comide copper and cobalt mine in the Democratic Republic of Congo. The project encompasses the construction of a hydrometallurgical plant, an extensive exploration and drilling program, and mine development. ERG anticipates the hydrometallurgical plant's completion by the end of 2025, with phased operational output capabilities and potential for expansion to produce around 120,000 tonnes of copper cathode and 15,000 tonnes of cobalt hydroxide annually.
In summary, ERG's substantial investment in the Comide mine demonstrates its commitment to enhancing mining operations in the Democratic Republic of Congo. The project, including the hydrometallurgical plant and increased production capacity, positions ERG as a significant player in the global mining industry.