Mining Watch (Mimbula)

From Zambian Economist Thu Feb 21 2013, 23:34:00

Konkola Copper Mines (KCM) recently confirmed that it is proceeding with plans to resume output at the Mimbula open pit mine as part of Vedanta's strategy to extend mine life at its operations. KCM has been carrying out feasibility studies since 2011 at Mimbula including extension of the power line to the site as well as pit de-watering and de-silting as mining has not taken place there since the 1970s. The feasibility has been completed and now it plans to invest US$200m.

The company is currently awaiting environmental approvals for the project. The production capacity of the mine had not yet been established but early indications suggest that it has huge deposits of copper. Subject to approval, mining of ore should start April 2014. The Mimbula open pit mine is expected to create a maximum of 600 jobs.

The outlook for copper production is looking very positive. Copper production is expected to exceed 1.5m tonnes in 2015 from the current 0.8m tonnes. Among new projects due to come online are the expansion of Lumwana Copper Mine, First Quantum's $2bn greenfield Trident project, China Nonferrous Mining Corporation's $832m copper project and the Lubambe mine jointly owned by Brazil's Vale, African Rainbow Minerals and state-owned ZCCM Investments Holdings.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Nigeria:   Presidency Denies Recalling Envoy from South Africa (news)
This Day
28 April 2015

The Presidency on Monday said it was not true that Nigeria had recalled its envoy in South Africa on account of the recent xenophobic attacks in that country. [read more]

Afrique:   Drame de l'immigration – Le choix de la mort physique à la place de la mort sociale (news)
allAfrica.com
28 April 2015

L’immigration clandestine est au devant de l’actualité internationale. En un mois la Méditerranée a englouti près de 1700 personnes, en majorité des ... [read more]

South Africa:   Names of Xenophobia Victims Released (news)
News24Wire
28 April 2015

The names of the seven people killed during xenophobic violence which erupted in parts of Gauteng and KwaZulu-Natal in the past weeks, were released by the inter-ministerial committee on migration on ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!