About Us
Lonshi Mining is one of the largest producers of copper and cobalt in the Democratic Republic of the Congo.
Established year
Our strategy
Lonshi Mine is a copper mine in Katanga Province of the Democratic Republic of the Congo, to the southeast of Ndola, Zambia. Drilled in 2000, Lonshi shortly saw a resource of 5.1 million tonnes grading 5.75% copper proved up, and contract-mining started in 2001. 26 Nov 2015 — The Lonshi deposit has been traced over a strike length of 2500 m and drilled to a maximum depth of 150 m.
In 2022, Lonshi embarked on a material restructuring of the business to support a strategy aimed at reconfiguring our organisational and operating model. This model set out to build a high performance organisation and culture, improve productivities, eliminate wastage, reduce unit costs and improve margin to meet our aspiration of becoming a safe, low grade, bulk, mechanised and profitable gold mine.
Invested operation budget
JCHX Mining has invested an operation budget of $380 for an expansion on the Lonshi mine after acquiring exploitation permit PE13093 and 7 exploration permits, covering it estimates nearly 1 Mt of premium copper reserves. In particular, Lonshi copper mine under PE13093 is a strata-bound deposit in Central Africa Copper Belt with 870,000 t of copper reserves at a grade of 2.82%. The deposit is under stratigraphic and lithologic control, featuring thickness, high grade and stable extension, and with a great potential of increased reserves
Investors
Partnership
On April 26, a ceremony was held for the completion of JCHX’s acquisition of ERG’s copper asset in DRC which the Chinese mining engineering and contracting major says marks a major milestone in its strategy to become more directly involved in resource development.
ERG is a diversified Luxembourg-based natural resources group focusing on mining, processing, energy, logistics and marketing, with businesses across Kazakhstan, China, Russia, Brazil, DRC, Zambia, Mozambique, and the Republic of South Africa. ERG has maintained successful long-term cooperation with various Chinese enterprises. On January 15, 2021, a cooperation agreement was signed between JCHX and ERG based on mutual understanding and agreement over a copper mine in DRC.