{"id":13704,"date":"2025-10-24T11:40:40","date_gmt":"2025-10-24T09:40:40","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/chinas-cmoc-to-invest-1-1-billion-to-expand-its-kfm-copper-mine-in-drc\/"},"modified":"2026-02-27T16:26:32","modified_gmt":"2026-02-27T14:26:32","slug":"chinas-cmoc-to-invest-1-1-billion-to-expand-its-kfm-copper-mine-in-drc","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/chinas-cmoc-to-invest-1-1-billion-to-expand-its-kfm-copper-mine-in-drc\/","title":{"rendered":"China&#8217;s CMOC to invest $1.1 billion to expand its KFM copper mine in DRC"},"content":{"rendered":"<p>China&#8217;s CMOC Group will spend $1.08 billion to expand its KFM copper mine in the Democratic Republic of Congo (DRC) to add about 100 000 metric tons of output per year, it said this Friday.<\/p>\n<p>&nbsp;<\/p>\n<p>It will launch the second phase of its KFM project in 2027. The first phase of KFM reached full capacity in 2023.<\/p>\n<p>&nbsp;<\/p>\n<p>The investment comes as copper supplies face possible shortage amid mine worldwide disruptions, including the suspension of Freeport&#8217;s flagship Grasberg project in Indonesia.<\/p>\n<p>&nbsp;<\/p>\n<p>CMOC owns 71.25% of KFM through its Hong Kong-based subsidiary and also operates the Tenke Fungurume mine in DRC. Both mines are key suppliers of copper and cobalt, metals key for energy transition.<\/p>\n<p>&nbsp;<\/p>\n<p>CMOC said the KFM expansion will strengthen its position in the global market but warned of possible risks from price swings and the DRC&#8217;s political and economic uncertainty.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":13705,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13704","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"China's CMOC Group will spend $1.08 billion to expand its KFM copper mine in the DRC","published_date":"2025-10-24 13:39:02","news_description":"China's CMOC Group will spend $1.08 billion to expand its KFM copper mine in the DRC","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13704\/revisions"}],"predecessor-version":[{"id":18702,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13704\/revisions\/18702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13705"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13704"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}