4.4 Surface Rights ...Kamoa Copper SA holds no surface rights...However, ...Kamoa Copper SA is authorised to occupy the parcels of land required for its activities.
The surface rights for the whole surface covered by the mining rights belongs to the DRC State. Kamoa has completed a process of compensation to communities and individual farmers for the loss of land and for fields inside the 7 km2 required for the Kansoko mine as required by the DRC law to enable the company to occupy this land....
A similar process was performed for Kakula footprint inside 48 km² enclosing 129 households surveyed out of whom 45 have been physically relocate after complete field compensation and land replacement. The field compensation, land replacement and physical relocation are in progress for the rest of households. 16 km of the mine area was fenced off. Kamoa Copper SA also planned a pathway for bikes as a deviation road so that people cultivating in the south area beyond the fence can easily access their fields. Kamoa Copper SA could consider in the future applying for prohibition areas (zones d’interdiction) where the activities and/or circulation of third parties will be prohibited for the areas required for the Kansoko and Kakula surface infrastructure that give the company the full legal right to occupy the relevant area and prevent any other parties occupying or entering the area.
AVZ Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held