Anvil Mining
Encyclopedia
Anvil Mining is a copper producer that has been operating in the Democratic Republic of the Congo
(DRC) since 2002.
The company headquarters are based in Montreal, Canada.
Anvil is listed on the Toronto Stock Exchange
and the Australian Stock Exchange
.
As of September 2011 its major shareholder was Trafigura Beheer.
near Kilwa, Katanga
.
In October 2004 there was a small-scale uprising in Kilwa which was brutally suppressed by FARDC soldiers of the 62nd Brigade.
Anvil Mining Congo was accused of providing logistical support to the troops.
Anvil said it had no choice about letting the army use its vehicles and no knowledge of what they planned to do.
The company published a statement by the traditional chiefs of Moero Sector
that denied any involvement by Anvil in the massacre and that praised the company for the benefits it had brought to the region.
The property included the old Mutoshi Mine
, the Kulumaziba coarse rejects/tailings deposit, the Mutoshi Northwest deposit, the Nioka deposit, the Kamukonko cobalt prospect, and prospective ground on the Kolwezi Klippe.
In late 2005, Anvil started mining the tailings, at first with good results. Productivity began to decline in 2007 and 2008, and Anvil suspended tailings operations at the end of 2008.
In February 2010 it was announced that the Australian exploratory mining company Mawson West was to acquire the the Dikulushi copper-silver mine, which had been on care and maintenance since the fourth quarter of 2008.
Anvil would receive 28% stake in Mawson in return.
The transfer would let Anvil focus on its larger copper projects, including the Kinsevere
Stage II project expected to start commissioning early in 2011 and to produce 60,000 tonnes annually.
Mawson West also acquired the rights to a copper mine in the Kapulo
area of Pweto Territory
, Katanga Province
from Anvil Mining in May 2010. The ore deposit is north of the main copper belt in the Kundelungu Plateau zone.
Minmetals Resources is a unit of the state-owned China Minmetals Group.
It was expected that Anvil could produce 60,000 tons of copper cathode yearly, starting in 2012.
After the takeover announcement, the DRC's state-owned Gécamines
mining company said that the change of ownership would lead to reviews of the agreements related to Anvil's projects at Kinsevere and Mutoshi.
Democratic Republic of the Congo
The Democratic Republic of the Congo is a state located in Central Africa. It is the second largest country in Africa by area and the eleventh largest in the world...
(DRC) since 2002.
The company headquarters are based in Montreal, Canada.
Anvil is listed on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
and the Australian Stock Exchange
Australian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
.
As of September 2011 its major shareholder was Trafigura Beheer.
Kilwa controversy
Anvil Mining operated the Dikulushi MineDikulushi Mine
The Dikulushi mine is a copper mine and silver mine in the Democratic Republic of the Congo. It is located some west of Lake Mweru and north of Kilwa in the Moero Sector of Pweto Territory, Katanga Province....
near Kilwa, Katanga
Kilwa, Katanga
Kilwa is a small town, headquarters of Moero Sector, Pweto Territory, Katanga Province of the Democratic Republic of the Congo .Kilwa lies on the west shore of Lake Mweru opposite Kilwa Island, which is part of Zambia.Kilwa is from Lubumbashi...
.
In October 2004 there was a small-scale uprising in Kilwa which was brutally suppressed by FARDC soldiers of the 62nd Brigade.
Anvil Mining Congo was accused of providing logistical support to the troops.
Anvil said it had no choice about letting the army use its vehicles and no knowledge of what they planned to do.
The company published a statement by the traditional chiefs of Moero Sector
Moero Sector
Moero Sector is an administrative division of Pweto Territory in Katanga Province of the Democratic Republic of the Congo .The headquarters are in the town of Kilwa.Moero Sector lies to the west of Lake Mweru....
that denied any involvement by Anvil in the massacre and that praised the company for the benefits it had brought to the region.
Other properties
In November 2004, Anvil Mining agreed to pay US$12.5 million for a 70% interest in the Mutoshi copper-cobalt project.The property included the old Mutoshi Mine
Mutoshi Mine
Mutoshi Mine is a copper mine in Katanga Province, Democratic Republic of the Congo.As of 2011 it was 70% owned by Anvil Mining and 30% by the state-owned Gecamines.The mine was placed on care and maintenance in late 2008.-Background:...
, the Kulumaziba coarse rejects/tailings deposit, the Mutoshi Northwest deposit, the Nioka deposit, the Kamukonko cobalt prospect, and prospective ground on the Kolwezi Klippe.
In late 2005, Anvil started mining the tailings, at first with good results. Productivity began to decline in 2007 and 2008, and Anvil suspended tailings operations at the end of 2008.
In February 2010 it was announced that the Australian exploratory mining company Mawson West was to acquire the the Dikulushi copper-silver mine, which had been on care and maintenance since the fourth quarter of 2008.
Anvil would receive 28% stake in Mawson in return.
The transfer would let Anvil focus on its larger copper projects, including the Kinsevere
Kinsevere
Kinsevere is an open pit mine and Heavy Media Separation plant with an electric arc furnace operated by Anvil Mining.It is located north of Lubumbashi, Katanga Province, Democratic Republic of Congo.Kinsevere is in the Kipushi Territory in Katanga province....
Stage II project expected to start commissioning early in 2011 and to produce 60,000 tonnes annually.
Mawson West also acquired the rights to a copper mine in the Kapulo
Kapulo
Kapulo is a village in the Democratic Republic of the Congo, the location of a cassiterite mine and of a planned copper mine.In 2007 one of the two remaining full FARDC brigades in Katanga was stationed in Pweto Territory. This brigade, the 62nd, was illegally exploiting the Cassiterite mine in...
area of Pweto Territory
Pweto Territory
Pweto Territory is a territory in Katanga Province of the Democratic Republic of the Congo .The headquarters are in the town of Pweto.-Geography:Pweto is part of the district of Haut-Katanga....
, Katanga Province
Katanga Province
Katanga Province is one of the provinces of the Democratic Republic of the Congo. Between 1971 and 1997, its official name was Shaba Province. Under the new constitution, the province was to be replaced by four smaller provinces by February 2009; this did not actually take place.Katanga's regional...
from Anvil Mining in May 2010. The ore deposit is north of the main copper belt in the Kundelungu Plateau zone.
Minmetal takeover
In September 2011 a friendly takeover offer from Chinese Minmetals Resources was announced, causing a surge in share prices.Minmetals Resources is a unit of the state-owned China Minmetals Group.
It was expected that Anvil could produce 60,000 tons of copper cathode yearly, starting in 2012.
After the takeover announcement, the DRC's state-owned Gécamines
Gécamines
Gécamines, or La Générale des Carrières et des Mines, is a state-owned mining company in the Democratic Republic of Congo . Its principal products are copper , cobalt and zinc...
mining company said that the change of ownership would lead to reviews of the agreements related to Anvil's projects at Kinsevere and Mutoshi.