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:

Africa:   Higher Education: Who is Going to Pay? (analysis)
SciDev.Net
28 July 2016

The past 18 months have been turbulent for many universities across the African continent. From Cape Town to Ibadan to Nairobi, campuses have become sites of protest and debate about fees, equal ... [read more]

South Africa:   Opposition Aims for Upset in High-Stakes Election (analysis)
The Conversation
29 July 2016

The leading opposition party in South Africa, the Democratic Alliance (DA), has billed the August 3 2016 municipal elections in the country as the most important ever. The word "change" dominates the ... [read more]

Southern Africa:   Zambia Disqualified From Cosafa Over Age-Cheating (news)
Confederation of African Football
29 July 2016

Zambia have been disqualified from the 2016 COSAFA Under-17 Championships being staged in Mauritius having been found to have fielded two over-age players for the tournament. Consequently Malawi ... [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!