Apart from the main Kalukundi project, the company has an agreement to purchase the highly speculative Mashitu adjoining property.
[9] Later that month the DRC justice minister Georges Minsay Booka directed Gécamines to take note that Akam Mining had no stake in the property.
[8] In October Africo said it had received a letter from Moïse Katumbi Chapwe, the Governor of Katanga, confirming that Akam did not own shares in the subsidiary company.
Ore would be extracted by a contractor using conventional open pit selective exploitation, with multiple pits and multiple cut-back to ensure a steady supply of ore. A revised study was commissioned in June 2011 to investigate a 50% higher rate of ore production, and to take into account the much higher metal prices.
[11] In October 2007, Africo's Swanmines subsidiary signed a Memorandum of Understanding with the DRC Ministry for Social Affairs.