Kamoa Copper S.A. Pays An Endowment Of 0.3% Of Its 2021 Annual Turnover Of $2.49 MillionTowards Community Development Projects
KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO, DECEMBER 23, 2022
Kamoa Copper S.A. has made anamount of US $ 2,493,360.00 available to local communities, through a specialised body, to fund communitydevelopment projects. This amount corresponds to 0.3% of the company’s turnover for the 2021 financial year, inaccordance with the mining laws and regulations of the Democratic Republic of Congo.
The endowment was fully paid to Kamoa Copper S.A.’s specialised body – DOT KAMOA – on 20 December 2022. Thisentity is responsible for overseeing and managing how the endowment will be spent on community developmentprojects.
In the company’s accounts, Kamoa Copper S.A. has made an additional provision of 0.3% of its turnover for theyear 2022, for payment before the end of 2023.