Project: Copper Mining

The DRC’s copper belt has the potential to generate significant tax and foreign exchange earnings, provide jobs and help to improve basic infrastructure. The DRC, in a move to rebuild its economy, solicited the help of global partners to develop its vast mineral resources. This $500 million project, located in the copper belt of central Africa, is potentially the world’s largest and lowest cost cobalt producer generating 30,000tpa of copper and 5,500tpa of cobalt.

With ATI insurance cover for the full equity, South Africa’s Industrial Development Corporation was able to contribute to the project and help the DRC generate much needed jobs and income.

In addition to building a medical clinic, housing and health education programmes, the project will employ upwards of 750 people once completed.

Maximum Sum Insured: $83.9 million