Lloyds Metals and Energy Begins Production of Copper Cathodes from Congo Processing Unit

MT Newswires Live12:25

Lloyds Metals and Energy (NSE:LLOYDSME, BOM:512455) has begun commercial production of copper cathodes from a 12,000-ton-per-annum capacity copper processing plant in the Democratic Republic of Congo, according to a Monday filing to the Indian stock exchanges.

The first copper cathodes have now been produced at the facility located in the Katanga Copper Belt of Congo, marking the company's foray into the copper market.

The company holds a 50% interest in an operating copper mining and processing platform in Congo, including 16 mining licences covering approximately 100 square kilometers in the Katanga Copper Belt, a 12,000 TPA copper cathode plant, and high-grade oxide copper ore deposits.

The company aims to produce 10,000-12,000 tons of copper cathodes in 2026, and around 15,000 tons of copper cathodes in 2027.

The company's shares were up nearly 1% in recent trade.

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