Cominco Resources is developing the US $2billion Hinda phosphate project located in The Republic of the Congo. Through its subsidiary it owns 100% of the Hinda Phosphate Project, which comprises the Hinda Permit (granted in December 2009), and the Kolatchikanou Permit (granted in June 2011). The Hinda project is the world's largest undeveloped phosphate deposit with a JORC Mineral Resource of 678 Mt and a Minable Ore Reserve of 405 Mt, sufficient for over 24 years of production. The company's African operations are located at Rond-Point d'Avoum, Centre-Ville in Pointe Noire.