📋 Tender Overview
Scope :
Buenassa is planning to build a copper-cobalt smelter in the Democratic Republic of Congo (DRC), with an investment of $350m. The proposed plan, which is supported by the government, is expected to help formalise artisanal mining in the country.
Financial consulting company Delphos International has been selected to help Buenassa in raising financing for the proposed project, reported the news agency citing representatives from the two companies and the government.
smelting project was the commitment by the US to fund a proposal between Congo and its neighbour Zambia to build an electric vehicle value chain. The idea is to reverse the way the minerals and the wealth generated is controlled.
Buenassa initially intended to produce 5,000 tonnes (t) of cobalt hydroxide and 30,000t of copper cathode, mostly using labourers who mine the minerals by hand.
proposed smelter is expected to ensure that all the cobalt from the artisanal sector can be concentrated at this refinery .
Buenassa also plans to process industrial ore to ensure the smelter’s profitability. It is also in talks with an undisclosed US-based commodities trader to market the smelter’s output.
