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:   Over 30 Years of HIV: What We've Learned and the Road Ahead (guest column)
1 December 2015

As someone who has been involved in HIV/AIDS prevention and control for years, I vividly remember a time the epidemic seemed unsolvable, globally and in Africa. [read more]

Burkina Faso:   Kabore Elected President of Burkina Faso in Milestone Election (news)
Deutsche Welle
1 December 2015

Roch Marc Christian Kabore has won Burkina Faso's presidential election, officials said. The result follows a year of turmoil that saw the West African country's former leader deposed, and the ... [read more]

Nigeria:   Will Buhari's Judicial Reforms Work? (analysis)
Africa In Fact
1 December 2015

The new president has vowed to fight graft, but will his judicial reforms work? [read more]

blogAfrica is'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!

Today's Featured News
Mozambique Ruling Party Faces Tough Contest

Renamo supporters: Ruling Frelimo faces a stern challenge at Wednesday's polls from...

Surge in Central African Republic Violence

African Union troops in Bangui (file photo): The UN has expressed alarm...

Nigeria, Cameroon, Ghana Get Crucial Wins

Asamoah Gyan of Ghana (file photo): The Super Eagles have boosted their...