Kipoi Copper (IFC-36313)

  • Congo, Democratic Republic of
Geographic location where the impacts of the investment may be experienced.
Specific Location
Katanga Province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 9, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Tiger Resources Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Construction
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 45.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 162.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Oct 22, 2015

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

This project finances the phase two expansion of the Kipoi copper mine in Katanga Province. This expansion has three components: i) Reclamation and removal of the two existing tailings storage facilities and processing through an acid leach tank, ii) Construction of a new engineered tailings storage facility, and iii) Construction of an additional 14 electro-winning cells with an increase in design capacity to 32.5 ktpa.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Tiger Resources Limited is an Australian listed copper producer and holds 100% of Société d’Exploitation de Kipoi (SEK) which operates the Kipoi copper mine in Katanga Province, Democratic Republic of Congo, approximately 75 km NNW of Lubumbashi. IFC is expected to provide debt financing of up to US$40.5 million to SEK and equity financing up to US$5 million to Tiger Resources Limited to fund the Phase 2 expansion. The debt portion of the financing would be part of a US$162.5 million package provided together with Taurus Mining Fund. Tiger Resources Limited is the project sponsor and has been listed on the Australian Stock Exchange since 1997. Tiger Resources Limited has several institutional shareholders, including its main shareholder, Antares Capital, with approximately an 8% stake.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Tiger Resources
1st Floor, 1152 Hay Street
West Perth, Western Australia 6005
Phone (+618) 6188 2000
Fax (+618) 6188 2099
Contact: Stephen Hills, Chief Financial Officer, Tiger Resources Limited

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works