How much copper production is Zijin expecting to lose from the Kamoa-Kakula complex in 2024 due to flooding and seismic-related suspensions?

Zijin Mining Group Co. stated that its share of output from the Kamoa-Kakula complex is expected to fall by as much as 57,000 tons this year, following operational suspensions last year caused by seismic activity and subsequent flooding. The company holds just over a 44% interest in the project, and this shortfall is cited in its half-year report published Friday as a key factor pressuring its full-year copper production target.

What is Zijin’s 2026 total mined copper production target, and how does the Kamoa-Kakula disruption relate to broader supply concerns driving copper prices near record highs?

Zijin is targeting total production of 1.2 million tons of mined copper in 2026. The production pressure at Kamoa-Kakula — compounded by Ivanhoe Mines Ltd., a partner at the mine, cutting its 2026 guidance to 290,000–330,000 tons from an earlier 380,000–420,000 tons — adds to global supply concerns that have contributed to copper trading near $14,000 a ton, close to a record high. The company explicitly links these supply setbacks to heightened market sensitivity amid strong long-term demand from electrification and AI infrastructure buildout.

Zijin Says Copper Target Under Pressure After Congo Mine Flood

Aug 23, 2026

Zijin Mining warned its full-year copper production target is under pressure due to flooding at its Congolese Kamoa-Kakula mine, cutting expected output by up to 57,000 tons amid rising global supply concerns.

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