Evidence depth: operating-markers Operating-disclosure markers; no study-level economics carried. Afrimintel states the evidence depth of all 159 assets on its bankability roster. 2 are fully-worked DCFs and 4 carry a complete study-level marker set; a further 9 carry headline study-grade markers only. 6 assets have their source documents preserved on this site, where 106 numeric figures verify against the document text and 9 are excluded and named because they cite a document not in the archive. See the full roster and what each tier means.
DFI · investment house — what stage is the asset at, and what does its record hold?
Life-cycle stageproducing Derived
Operating statusOperating at 5-line steady state Sourced
Reserve (P+P)172.1 Mt @ 2.1% Cu, 0.3% Co Sourced
Reserve basis (verbatim)100% project basis
Value anchors
advisory · corporate development — what does the record support?
Resource (M+I+I)832.1 Mt @ 2.26% Cu, 0.26% Co Sourced
Resource basis (verbatim)100% project basis
Primary sourceCMOC Group Annual Report 2024 (HKEX); JORC 2012 / S-K 1300 compliance post HKEX listing requirements [Sourced 2026-05-02] Sourced
Comparables (Cu-matched)5 African M&A · 1 intl · 1 financing/benchmark — set spans, not market curves · deals · compare assets · data freshnessSourced
Risk read
mining major · insurer — what is the exposure?
Ownership structureCMOC majority via 2019 acquisition; Gécamines retains 20% non-dilutable. JV operates under HKEX listing requirements with JORC 2012 / S-K 1300 reporting. Sourced
Recent events (record, newest last — tail shown)… ement — output briefly crimped, TFM offered bonuses to non-strikers and threatened dismissal of continuing strikers (Mining.com syndicated wire report, citing Radio Okapi, retrieved 2026-06-12; resolution status Pending) Sourced
What this record does not yet support — disclosed, not estimated
Discount rate — not published. Afrimintel publishes no discount rate or risk premium of its own (withdrawn 12 Oct 2026); the issuer’s study states the rate its NPV is reported at. To test another rate, set it yourself in the project economics estimator.