Investors
Investment case
Chemaf is an established copper-cobalt producer which has produced over 275,000 tonnes of copper and 50,000 tonnes of cobalt hydroxide from its Etoile Mine over the last 20 years. Chemaf has embarked on an ambitious expansion of its Etoile Mine (known as “Etoile Phase 2”) and the construction of a new greenfield mine, Mutoshi. These projects will collectively produce, at their peak, more than 75,000 tonnes per annum of copper and 20,000 tonnes per annum of cobalt hydroxide with significant extension potential through further drilling which could see Mutoshi’s mine life extend beyond 20 years. With copper and cobalt critical to supporting the global energy transition, Chemaf is making an important contribution to global decarbonisation.
- A leading producer of high-grade copper and cobalt: Chemaf is on a journey to become a globally significant producer of copper and cobalt, two of the world’s most critical metals and minerals
- Resource quality and reserves: Exceptional quality and quantity of copper and cobalt, with strong and diverse portfolio of reserves and concessions
- Rapid expansion: With Etoile Mine now in operation, making rapid progress towards launching two new projects representing a capital investment of US$660 million in the DRC
- Operational excellence: World class mining technology and infrastructure, underpinning robust mining and production processes
- Responsible member of the mining sector: Chemaf’s responsible mining ethos is demonstrated by its membership of Responsible Mining Initative (RMI), its achievement of 3 ISO certification standards and its clean audit by RCS
- Trusted social development partner: Strong contributor to the people, economy and future of the DRC
- Decades long regional experience: Chemaf is an established business of 20 years standing, with a strong licence to operate and demonstrated regional understanding of the region and its risks and opportunities
Our Strategy
At Chemaf, we are dedicated to achieving excellence across every facet of our operations.
Operational Excellence
Investing in innovation and human capital to optimise returns.
Health & Safety
Driving an organisational culture that prioritises operational safety and the wellbeing of our people above all.
Exploration
Continuous world class geological exploration and expert analysis of our concessions to identify mega projects for our long-term future.
Outlook and pipeline
Established in 2001 as a third-party producer of copper cathode and cobalt hydroxide concentrate, we have since grown into one of the DRC’s most entrenched mining brands and trusted social development partners. We have embarked on a growth trajectory that will see Chemaf become a globally significant producer of copper and cobalt, two of the world’s most critical metals and minerals.
Chemaf has an existing copper and cobalt mine and processing facility at Etoile, which is currently undergoing a life-extending expansion project, and one copper and cobalt processing plant under construction at our Mutoshi concession.
Contact us to discuss investment opportunities.
Corporate structure
Chemaf SA (“Chemaf”) is an integrated copper and cobalt producer with expanding operations in the Democratic Republic of Congo. Chemaf is 94.68% owned by Chemaf Resources Ltd and 5% by the DRC government. Chemaf Resources is a subsidiary of the Chemaf Group, a privately-owned company founded by Chairman Shiraz Virji. Chemaf Resources Limited is headquartered in Dubai and is part of Shalina Group Ltd. Chemaf Group Ltd also owns Shalina Foundation, a privately owned foundation to alleviate poverty.
c Chemaf has an expanding footprint in the DRC
We have an existing copper and cobalt mine and processing facility at Etoile, which is currently undergoing a life-extending expansion project, and one copper and cobalt processing plant under construction at our Mutoshi concession. Combined, the two projects represent a capital investment of US$660 million in the DRC. Both Etoile, Phase II and Mutoshi are anticipated to be completed and commissioned in Q1 2024.
Established in 2001 as a third-party producer of copper cathode and cobalt hydroxide concentrate, we have since grown into one of the DRC’s most entrenched mining brands and trusted social development partners.
We have embarked on a growth trajectory that will see Chemaf become a globally significant producer of copper and cobalt, two of the world’s most critical metals and minerals.
Chemaf Resources is a subsidiary of the Chemaf Group, a privately-owned company founded by our Chairman, Shiraz Virji, who has been based in the DRC for nearly three decades. Initially establishing a successful presence in healthcare and pharmaceuticals through Shalina Healthcare Ltd three decades ago, Shiraz transitioned to the mining industry with the creation of the Chemaf Group in 2001. The DRC Government owns 5% of Chemaf SA.
Leadership
Shiraz Virji
Entrepreneur Shiraz Virji founded Chemaf in 2001, having seen the opportunity at a time when the DRC was privatising the mining industry. Acquiring several mining concessions in the DRC paved the way for Chemaf’s first processing facilities which formed the start of Chemaf’s growth strategy. Shiraz has wide commercial and entrepreneurial experience, having started his career in Kenya in the wood carvings business, and subsequently moving to the UK in 1971 to launch and grow a wholesale cash and carry business in handicrafts and gift items. In 1981, Shiraz formed a pharmaceutical enterprise in India which began his association with the DRC, as a primary region to which the business exported generic medicines. He has lived in the DRC for many years.
Investor contact
For further information about investment opportunities, please contact Chemaf at investor@chemaf.com