Novcorp SARLU (Novcorp subsidiary in the DRC) is certified to purchase, process and export tin, tantalum and tungsten throughout the DRC.
The purchase of ore is made from certified mining cooperatives that extract ore from qualified conflict-free mining sites.
Novcorp then processes the ore, removing impurities such as iron, increasing the tin content to a minimum of 65%. Processing is currently done manually.
Once processed, the ore is prepared for export by rail to Kigoma, Tanzania, or by road to Lubumbashi, DRC, where the buyer takes possession of the ore and makes payment.
Novcorp has entered into two offtake agreements.
Novcorp currently has 3 processing units in Maniema and is expanding its sites to Manono and Lubumbashi.
To improve the quality of processing, Novcorp intends to add a processing plant in Maniema and Manono.
