CMOC Group Limited (03993) plans to invest in the construction of the second phase of the KFM project in the Republic of Congo (Kinshasa).

CMOC Group Limited (03993) has announced that in order to further develop the rich resources of KFM and enhance synergies with existing projects, the company plans to invest in the construction of the second phase of the KFM project in the Democratic Republic of Congo. The project construction investment is $1.084 billion USD, funded by the company's own resources and self-raising funds; the project construction period is 2 years, with plans to start production in 2027. It is expected to increase the annual raw ore processing capacity by 7.26 million tons after reaching full production, with an estimated annual average increase of 100,000 tons of copper metal.