[3] In November 2004, Anvil Mining agreed to pay US$12.5 million for a 70% interest in the Mutoshi copper-cobalt project from the state-owned Gécamines and the private DRC company Entreprise Minière de Kolwezi SPRL (EMIKO).

In the resulting structure, the project was held by SRM s.p.r.l, owned 20% by state-owned Gécamines and 80% by Entreprise Minière de Kolwezi SPRL (EMIKO).

[4] In October 2005 the Economist Intelligence Unit reported that Anvil's claim to Mutoshi was being disputed by Chemaf, an Indian-based company that operates the Etoile copper and cobalt mine.

In September 2013, MMG announced it was trading its interest in Mutoshi to Gécamines in exchange for $52.5 million worth of exploration permits near Kinsevere.

[11] In January 2022, Trafigura announced $600 million in financing to Chemaf, planning for Mutoshi to begin producing cobalt hydroxide by the end of 2023.