Nikanor, through its GEC subsidiary, entered into a joint venture agreement in 2004 with G camines to rehabilitate and operate the KOV, Kananga and Tilwezembe mines, located adjacent to Katanga’s holdings near Kolwezi in the DRC. The company formed for this purpose was DCP (DRC Copper and Cobalt Project), 75% held by GEC and 25% by G camines. Exploitation permits for the assets were transferred to DCP in 2006.

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