Stantec to Lead DFS for US$2.37 Billion Kingking Copper-Gold Project

Why It Matters

The DFS will shape a multi‑billion‑dollar project that could supply critical copper for low‑carbon technologies, influencing both regional economies and global supply chains.

Key Takeaways

• Stantec wins DFS contract for Kingking project
• Project valued at US$2.37 billion, 960 Mt reserves
• Focus on sustainable, pit‑to‑port solutions
• Supports low‑carbon tech supply chain
• Includes NI 43‑101 reporting and EPC bid package

Pulse Analysis

The Kingking copper‑gold project, situated in the mineral‑rich Pantukan district of Davao de Oro, represents one of the world’s largest undeveloped copper‑gold deposits. With an estimated 960 million tonnes of ore, the venture promises to unlock significant volumes of copper and gold, commodities essential for renewable energy infrastructure and electric vehicles. Its strategic location in the Philippines also positions the project to benefit from the country’s growing mining-friendly policies and proximity to Asian manufacturing hubs, enhancing its export potential.

Stantec’s appointment to lead the Definitive Feasibility Study brings a multidisciplinary approach that blends engineering, environmental stewardship, and financial rigor. The firm will produce a pit‑to‑port design, comprehensive risk assessments, and a full EPC bid package, ensuring the project can progress on schedule and within budget. By integrating NI 43‑101 reporting standards, Stantec adds credibility for investors and regulators, while its sustainable design ethos aligns the development with global ESG expectations. This holistic methodology reflects Stantec’s broader portfolio, which includes high‑profile projects such as Antamina in Peru and Resolution Copper in Arizona.

Beyond the immediate scope, the Kingking DFS signals a broader shift toward responsible sourcing of critical minerals. As governments worldwide tighten climate targets, demand for copper—key for wiring, renewable turbines, and grid upgrades—continues to surge. Projects like Kingking, underpinned by rigorous feasibility studies and sustainable engineering, are poised to meet that demand while mitigating environmental impacts. Stantec’s involvement not only bolsters the project's viability but also showcases the growing market for engineering firms that can deliver low‑carbon, high‑value mining solutions.