Anvil Mining (

French French may refer to: * Something of, from, or related to France ** French language, which originated in France ** French people, a nation and ethnic group ** French cuisine, cooking traditions and practices Arts and media * The French (band), ...

: ''Extraction à l'enclume'') was a copper producer that has been operating in the

Democratic Republic of the Congo The Democratic Republic of the Congo (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo (the last ambiguously also referring to the neighbouring Republic of the Congo), is a country in Central Africa. By land area, it is t ...

(DRC) from 2002 to 2012. The company headquarters were in

Montreal, Quebec Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...

, Canada. Anvil was listed on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

and the

Australian Stock Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

. As of September 2011 its major shareholder was Trafigura Beheer. Following it being acquired by

MMG Limited MMG Limited is a mid-tier global resources company that mines, explores and develops base metal projects around the world. MMG's largest shareholder is China Minmetals with 68%.Dikulushi Mine near Kilwa, Katanga. In October 2004 there was a small-scale uprising in Kilwa which was brutally suppressed by FARDC soldiers of the 62nd Brigade. Anvil Mining Congo was accused of providing logistical support to the troops. Indeed, the Commander of the 6th military region in Lubumbashi informed a UN Special Investigation into the incident that the military operation was made possible thanks to Anvil's support. Anvil later said it had no choice about letting the army use its vehicles and no knowledge of what they planned to do. However, Anvil made no mention of a requisition in its report for Q4 2004. Moreover, Anvil's chief executive, Bill Turner, did not say anything about a compulsory requisition when he discussed the incident in an Australian television documentary in early June 2005. The claim was not made until late June 2005, after this documentary was aired and nearly nine months after the incident. The company published a statement by the traditional chiefs of

Moero Sector Moero Sector is an administrative division of Pweto Territory in Haut-Katanga Province of the Democratic Republic of the Congo (DRC). The headquarters are in the town of Kilwa. Moero Sector lies to the west of Lake Mweru Lake Mweru (also spelle ...

that denied any involvement by Anvil in the massacre and that praised the company for the benefits it had brought to the region.

Other properties

In November 2004, Anvil Mining agreed to pay US$12.5 million for a 70% interest in the Mutoshi copper-cobalt project. The property included the old Mutoshi Mine, the Kulumaziba coarse rejects/tailings deposit, the Mutoshi Northwest deposit, the Nioka deposit, the [®:. cobalt prospect, and prospective ground on the Kolwezi Klippe. In late 2005, Anvil started mining the tailings, at first with good results. Productivity began to decline in 2007 and 2008, and Anvil suspended tailings operations at the end of 2008. In February 2010 it was announced that the Australian exploratory mining company Mawson West was to acquire the Dikulushi copper-silver mine, which had been on care and maintenance since the fourth quarter of 2008. Anvil would receive 28% stake in Mawson in return. The transfer would let Anvil focus on its larger copper projects, including the Kinsevere Stage II project expected to start commissioning early in 2011 and to produce 60,000 tonnes annually. Mawson West also acquired the rights to a copper mine in the

Kapulo The Kapulo mine (French: ''La mine de Kapulo'') is a cassiterite mine and a planned copper mine in the Democratic Republic of the Congo. It is located near a village of the same name. In 2007 one of the two remaining full FARDC brigades in Kata ...

area of

Pweto Territory Pweto Territory is a territory in the Haut-Katanga Province of the Democratic Republic of the Congo (DRC). The headquarters are in the town of Pweto. History Pweto Territory saw several combats during the Congo wars. With the cease fire, the fron ...

Katanga Province Katanga was one of the four large provinces created in the Belgian Congo in 1914. It was one of the eleven provinces of the Democratic Republic of the Congo between 1966 and 2015, when it was split into the Tanganyika Province, Tanganyika, Hau ...

from Anvil Mining in May 2010. The ore deposit is north of the main copper belt in the Kundelungu Plateau zone.

Minmetal takeover

In September 2011 a friendly takeover offer from Chinese Minmetals Resources was announced, causing a surge in share prices. Minmetals Resources is a unit of the state-owned China Minmetals Group. It was expected that Anvil could produce 60,000 tons of copper cathode yearly, starting in 2012. After the takeover announcement, the DRC's state-owned

Gécamines La Générale des Carrières et des Mines (Gécamines) is a Congolese commodity trading and mining company headquartered in Lubumbashi, in the Katanga region of the Democratic Republic of Congo. It is a state-controlled corporation founded i ...

mining company said that the change of ownership would lead to reviews of the agreements related to Anvil's projects at Kinsevere and Mutoshi Mine.

References

{{Authority control Companies formerly listed on the Toronto Stock Exchange Companies formerly listed on the Australian Securities Exchange Copper mining companies of Canada Copper mining companies of the Democratic Republic of the Congo 2002 establishments in the Democratic Republic of the Congo

Other properties

Minmetal takeover

See also

References