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QuintelCorp

Operations

Seven mines, two projects, nine countries — all operated by Quintel.

Every asset page carries the full mineral resource and ore reserve statement, three years of operating data, the environmental and social record and the forward plan. Including the parts that are not going well.

Operating mines
7
Development and exploration
2
Countries
9
Average reserve life
17 years
An underground development heading with shotcreted and mesh-supported walls, ventilation ducting overhead and a loader working under its own headlights.
Development heading, supported and ventilated

Mining method

Four of the seven mines are underground, and that is a deliberate choice.

Open pits are cheaper per tonne until the stripping ratio turns against you. Three of our orebodies were shallow enough to justify a pit and were mined that way; the rest are narrow, steeply dipping or high grade, and going underground moves less waste, disturbs less land and needs less water.

It also puts people underground, which is why every heading is shotcreted and bolted to a support standard signed off by a geotechnical engineer, and why proximity detection is fitted to 94% of the mobile fleet rather than to the fleet we bought most recently.

Underground mines
4
Open pits
3
Fleet with proximity detection
94%
Technology and innovation

Producing assets

The seven mines

Ranked by contribution to group revenue. Cobalt is produced as a by-product at Lubumba and is not counted as a separate asset. Tazoult joined the group in February 2026.

Copper concentrator plant with mill building, cyclone clusters, conveyor galleries and a coarse ore stockpile under late afternoon light.
ZambiaProducing

Mbengwe Copper Complex

Copperbelt Province · Copper

The group’s largest asset and the source of roughly two thirds of group copper. Mbengwe combines a mature open pit, a ramping underground mine and two processing routes on a single licence area in the Zambian Copperbelt.

FY2025 copper
96.4 kt
Ore reserve
182 Mt @ 1.12% Cu
Mine life
18 years
C1 cash cost
US$1.71/lb
Asset detail
Interior of an electrowinning tank house with long rows of copper cathode sheets hanging above green electrolyte cells.
Democratic Republic of the CongoProducing

Lubumba Copper-Cobalt Operation

Lualaba Province · Copper, Cobalt

A high-grade oxide copper-cobalt operation in the Central African Copperbelt, and the group’s only source of cobalt. Lubumba is the most scrutinised asset in the portfolio and is run accordingly.

FY2025 copper
51.8 kt
FY2025 cobalt
3.85 kt
Ore reserve
96 Mt @ 1.86% Cu
Mine life
12 years
Asset detail
Gold processing plant with leach tanks and walkways at dusk, surrounded by dense rainforest and wet red laterite ground.
GhanaProducing

Asankran Gold Mine

Western North Region · Gold

The founding asset of the group and the first mine Quintel ever built. Asankran has produced gold continuously since 2002 and remains the operation against which every other asset in the portfolio is benchmarked.

FY2025 gold
212.4 koz
Ore reserve
2.54 Moz @ 2.31 g/t
AISC
US$1,148/oz
Producing since
2002
Asset detail
Underground mine portal cut into an arid volcanic hillside with a narrow rail track running into the decline.
MoroccoProducing

Tazoult Silver Mine

Anti-Atlas, Drâa-Tafilalet · Silver

The group’s first primary silver mine and its first asset outside sub-Saharan Africa, acquired in February 2026. Tazoult is a high-grade underground operation in the Moroccan Anti-Atlas that comes with a genuine water dispute attached to it.

Annualised silver
4.1 Moz
Ore reserve
6.4 Mt @ 232 g/t Ag
Mine life
11 years
AISC
US$13.40/oz
Asset detail
Black manganese ore stockpiles on deep red Kalahari sand beside a rail loadout with a line of open wagons.
South AfricaProducing

Gamagara Manganese Mine

Northern Cape · Manganese

A long-life, low-cost manganese mine in the Kalahari Manganese Field, the largest land-based manganese resource in the world. Gamagara supplies steel alloy producers in Asia and Europe.

FY2025 ore
1.18 Mt
Ore reserve
78 Mt @ 38.4% Mn
Mine life
24 years
Rail allocation
1.4 Mtpa
Asset detail
Terraced manganese working cut into a plateau, with rainforest canopy rolling to the horizon under low cloud.
GabonProducing

Nyanga Manganese Operation

Haut-Ogooué Province · Manganese

A high-grade, low-strip manganese operation on the Batéké plateau, railing product 620 kilometres to the Atlantic on the Trans-Gabon line.

FY2025 ore
0.74 Mt
Ore reserve
41 Mt @ 43.1% Mn
Strip ratio
1.4:1
Rail to port
620 km
Asset detail
Overland conveyor on steel trestles crossing a bright red bauxite plateau under a deep blue sky with cumulus cloud.
GuineaProducing

Fatala Bauxite Operation

Boké Region · Bauxite

The group’s newest and longest-life operation. Fatala mines high-alumina, low-silica trihydrate bauxite in Guinea and ships it to alumina refineries in Europe, the Gulf and Asia.

FY2025 shipped
4.41 Mt
Ore reserve
320 Mt @ 45.8% Al₂O₃
Reactive silica
2.1% SiO₂
Mine life
28 years
Asset detail

Portfolio summary

Every asset in one table

Reserve figures are as at 31 December 2025, reported under JORC (2012) or, for the South African asset, SAMREC (2016).

Portfolio summary at 31 December 2025
AssetCountryCommodityStatusQuintel interestMine lifeWorkforce
Mbengwe Copper ComplexZambiaCopperProducing80.0%18 years to 20432,150 employees, 1,180 contractors
Lubumba Copper-Cobalt OperationDemocratic Republic of the CongoCopper, CobaltProducing75.0%12 years to 20371,480 employees, 890 contractors
Asankran Gold MineGhanaGoldProducing90.0%11 years to 20361,320 employees, 640 contractors
Tazoult Silver MineMoroccoSilverProducing75.0%11 years to 2037640 employees, 210 contractors
Gamagara Manganese MineSouth AfricaManganeseProducing74.0%24 years to 2049980 employees, 310 contractors
Nyanga Manganese OperationGabonManganeseProducing85.0%14 years to 2039610 employees, 280 contractors
Fatala Bauxite OperationGuineaBauxiteProducing82.0%28 years to 20531,110 employees, 620 contractors
Bagoé Gold ProjectCôte d'IvoireGoldDevelopment85.0%9 years from first gold840 at peak construction, 520 in operation
Erongo Copper ExplorationNamibiaCopperExploration100.0%Not applicable46 employees and contractors

Why we operate everything

Quintel holds no non-operated minority interests in mining assets. A safety standard, a tailings governance framework or a resettlement policy is only worth as much as the authority behind it, and in an asset the group does not operate, that authority is a request. The cost of the rule is that Quintel grows more slowly than a company willing to buy 25% of somebody else’s mine.

How reserves are governed

Mineral resource and ore reserve estimates are prepared by site geology teams, independently reviewed by an external Competent Person, reconciled against actual mined tonnes and grades each year, and approved by the board before publication. Where the reconciliation shows a variance above 5%, the cause is investigated and disclosed. Two such variances were disclosed in the FY2025 statement.

Work with us

Most of our vacancies are at the mines, not in head office.

General managers, metallurgists, geotechnical engineers, continuous miner operators, environmental superintendents and apprentices, across nine countries.