Tiger Resources
Encyclopedia
Tiger Resources Limited is an Australian-based mining company with two active copper extraction projects in the Democratic Republic of the Congo
(DRC). The company was listed on the Australian Stock Exchange
in May 1997.
As of 2011 the company's market capitalization was about A$350 million.
The Kipoi Mine
has an inferred 306,000 tonnes of copper in high-grade ore. It is a joint venture between Tiger Resources (60%) and the state-owned Gecamines
(40%). It was planned to start generating revenue in 2011.
Tiger invested more than $60 million to start the mine.
By June 2011 Tiger was producing 25% copper concentrate at a rate of 130,000 metric tons a year.
The company was considering using $250 million from cash flow to build a Solvent Extraction Electrowinning copper cathode plant, with capacity of 50,000 tons per year.
Tiger Resources was negotiating to acquire a higher share of the operation from Gecamines.
The Lupoto Mine is 100% owned by Tiger Resources. Maiden resource was planned for release in 2011.
The European trading house Trafigura
was the largest shareholder of Tiger Resources as of September 2011, owning 28% of the company. Trafigura also owned 35% of Anvil Mining
, another DRC copper miner, whose sale to China's Minmetals Resources was announced in September 2011.
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). The company was listed on 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....
in May 1997.
As of 2011 the company's market capitalization was about A$350 million.
The Kipoi Mine
Kipoi Mine
The Kipoi Mine is a copper mine in Katanga Province of the Democratic Republic of the Congo with an inferred 306,000 tonnes of copper in high-grade ore.-Ownership:...
has an inferred 306,000 tonnes of copper in high-grade ore. It is a joint venture between Tiger Resources (60%) and the state-owned Gecamines
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...
(40%). It was planned to start generating revenue in 2011.
Tiger invested more than $60 million to start the mine.
By June 2011 Tiger was producing 25% copper concentrate at a rate of 130,000 metric tons a year.
The company was considering using $250 million from cash flow to build a Solvent Extraction Electrowinning copper cathode plant, with capacity of 50,000 tons per year.
Tiger Resources was negotiating to acquire a higher share of the operation from Gecamines.
The Lupoto Mine is 100% owned by Tiger Resources. Maiden resource was planned for release in 2011.
The European trading house Trafigura
Trafigura
Trafigura is an Amsterdam-based multinational company founded in 1993 trading in base metals and energy, including oil. the company had equity of more than $2 billion and a turnover of $73 billion that generated $440 million of profit....
was the largest shareholder of Tiger Resources as of September 2011, owning 28% of the company. Trafigura also owned 35% of Anvil Mining
Anvil Mining
Anvil Mining is a copper producer that has been operating in the Democratic Republic of the Congo since 2002.The company headquarters are based in Montreal, Canada.Anvil is listed on the Toronto Stock Exchange and the Australian Stock Exchange....
, another DRC copper miner, whose sale to China's Minmetals Resources was announced in September 2011.