Company News: Anvil Mining
Updated: 23 Nov 2010
Currently, Anvil is producing more than 15,000t/y of copper concentrate (25% Cu) from its heavy-media separation (HMS) plant at Kinsevere. Located in the Katanga Province in the Democratic Republic of the Congo, the Stage II SX-EW project, which is currently under construction at an estimated capital expenditure of US$400 million, will produce 60,000 t/year during Q3 2011 at an estimated cash cost of US$0.89/lb Cu (C1) and a total cash cost, including royalties to Gécamines and the DRC Government, of US$1.00/lb Cu.
The Company is actively working with the Government, Gécamines and the local population to regenerate the mining industry in this region.
The Company is actively working with the Government, Gécamines and the local population to regenerate the mining industry in this region.
Business Category Exploration; Mining
Regions of Operation Central and East Africa
Exchange Ticker AVM
Financial Information
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Exchanges listed on TSX and ASX
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Market Cap
Shares Issued
Level 1
- 76 Hasler Road
- Herdsman Business Park
- Osborne Park
- WA
- 6017
- Australia
Most Recent Company News
- KINSEVERE POWER WOE - 02 Mar 2012 12:22pm
Anvil Mining Ltd, the subject of a US$1.27 billion takeover by Minmetals Resources Ltd, said production at its flagship Kinsevere copper mine was being hampered by erratic power supply in the Democratic Republic of the Congo. Read more... - Anvil accepts offer - 17 Feb 2012 12:54pm
Anvil Mining Ltd has agreed to an offer made by stakeholder MMG Malachite Ltd, a wholly owned subsidiary of Minmetals Resources Ltd (MMR), to purchase all of the common shares of Anvil at C$8.00/share in cash. Read more... - Anvil deal proceeds on new agreements - 10 Feb 2012 5:30pm
Minmetals Resources Ltd’s C$1.3 billion (US$1.27 billion) purchase of Anvil Mining Ltd is to proceed, after Anvil negotiated agreements with both DRC state-owned La Générale des Carrières et des Mines SARL (Gécamines) and privately-owned Mining Company Katanga SPRL (MCK), which had opposed the deal Read more... - Anvil acquisition uncertain - 13 Jan 2012 1:08pm
The C$1.3 billion (US$1.27 billion) purchase of Anvil Mining Ltd by China-based Minmetals Resources Ltd (MMR) may be in doubt, as Anvil and MMR revealed that no agreement had been reached with two Congolese parties to the deal. Read more... - Doubts hang over Anvil acquisition as Minmetals extends offer - 09 Jan 2012 4:07pm
China-based Minmetals Resources Ltd (MMR) has extended its C$1.3 billion (US$1.27 billion) purchase offer for Anvil Mining Ltd to February 16, after parties to the deal failed to reach agreement. Read more... - Risk to Anvil sale as Gecamines steps in - 04 Nov 2011 2:07pm
The Democratic Republic of Congo’s state-owned miner said this week that it would review Anvil Mining Ltd’s contracts in the country once its takeover by Minmetals Resource Ltd (MMR) had been completed, potentially putting the deal at risk Read more... - Minmetals targets another Copperbelt producer - 07 Oct 2011 2:26pm
China’s Minmetals Resources Ltd (MMR) has agreed to buy Anvil Mining Ltd for C$1.3 billion (US$1.25 billion) in a friendly takeover Read more... - Minmetals secures takeover of Anvil - 30 Sep 2011 11:25am
Minmetals Resources Ltd (MMR) has agreed to buy Anvil Mining Ltd for C$1.3 billion in a friendly takeover Read more... - DRC: Maturing mining market - 19 Aug 2011 11:41am
Increasing stability in the DRC is attracting investors from around the world Read more... - Trafigura declare's Anvil stake non-core - 19 Aug 2011 11:41am
Anvil Mining Ltd has advised shareholders that Trafigura Beheer BV has decided that its 39% (fully diluted) stake is “non-core” and formed a special committee to review its options Read more...
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