In 2022, while even global company hesitated, kumyang took steps in resource management by securing a stake in the high-lithium reserves of the Lukoshi Mine in the Democratic Republic of Congo (DRC).
Furthermore, in 2023, Kumyang acquired a 60% stake in Mongolia’s Monlaa Mine, becoming the largest shareholder. Through this strategic move, Kumyang has secured a stable and continuous supply of lithium and other key minerals for secondary batteries, gaining a competitive edge in building a value chain for battery production.
The world is currently in an era of fierce energy resource war Key minerals for secondary batteries are the
that drive the competitiveness of both nations and corporations.
By investing in mines in Mongolia and the DR Congo, we will ensure a stable supply of critical minerals for secondary batteries and we will significantly become a South Korea's strong competitiveness as a leading nation in the energy industry.
Kumyang’s Global Mine Development business map
Resource Development team in Monlaa Mine
Monlaa Mining concession in progress
Resource Development team in Lukoshi Mine
Securing key minerals through development of rare metal mines in Mongolia and DR Congo with Korea’s mineral development technology and Kumyang’s momentum.
Kumyang is actively investing in and developing its own lithium mines to secure a stable supply of lithium. Through this initiative, the company is building a supply chain that covers the mining, refining, and export of lithium, positioning itself to ensure a steady flow of this essential resource.
· Location : Mongolia / Dornogovi Province / Khatanboulag city (MV013875 & MA021485)
· Concession area : 44km2(approx 13,333,333 pyong)
· Partner : Monlaa LLC (CEO: KHISHIGJARGAL ENKHSAIKHAN)
· Mineral deposit : Lithium, Tungsten, Iron, Zinc.
· Share structure : Kumyang (60%) : Monlaa (40%) / USD 72,000,000 Investment
· In progress : Mining Tungsten and other minerals which have a mining permit Planning to Mining the Lithium after Feasibility Study.
① Meeting with President of Mongolia, Chairman Ryu (Date : 17th January, 2024 / Place: Presidential office
② MoU between Kumyang and Erdenes Mongol LLC (Mongolia’s state-owned enterprise)
Creating new possibilities for global business through the South Korea’s high technology, huge resource of DR Congo and secure of battery material minerals.
The cooperation between South Korea and the Democratic Republic of Congo is driving the development and stable supply of critical minerals. With innovative battery technology and the DRC’s rich mineral deposits, Kumyang aims to lead the future mobility industry. This collaboration strengthens competitiveness and promotes continuous growth in the global market.
· Location : DR Congo /Tanganyika state /Manono city (PR15324 & PR15325)
· Total Area : 54 km2 (approx 16,363,636 pyong)
· Local partner : Charlize Ressources SAS (CEO: MOBULI MAPEMBA FRANK)
· Minerals : Lithium, Tin, Coltan etc.
· Share structure : Kumyang (60%) : CRS (40%) 3 phases, Total USD 19,000,000 invested
· In progress : Drilling and Exploring, Mining and operating the facilities after Feasibility Study.