Metalkol RTR is set to become one of the world's leading cobalt producers and one of the largest suppliers of cobalt to China. The aim is to produce enough cobalt to power more than three million EVs per year.
Metalkol RTR A greenfield, tailings re-treatment project
ERG's advanced-stage construction project, Metalkol RTR, in the Haut-Katanga province will reprocess cobalt and copper tailings previously deposited in the Kingamyambo Tailings Dam and Musonoi River Valley.
The two tailings deposits host approximately 112.8mt of resources at an average grade of 0.32% cobalt and 1.49% copper. In Phase 1, Metalkol RTR is expected to produce 14ktpa of cobalt in hydroxide and 77ktpa of copper cathode once operational, with production expected to start in the fourth quarter of 2018. Completion of Phase 1 commands a total capital investment of approximately $650m, which has been secured through a financing package with a Chinese consortium including EPC contractor China Nonferrous Metal Industry's Foreign Engineering and Construction Company (NFC). A subsequent expansion, Phase 2, may increase production to an average of 20kpta of cobalt and 105kpta of copper.
20km from Kolwezi