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Mining News Pro - LUSAKA – NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), on Wednesday launched output at a new $832-million Zambian copper mine, extending the firm`s lifespan by over 20 years.
According to Mining News Pro -Zambia, Africa`s second-largest producer of the metal, saw output rise
10.6% in the first half of the year on the back of stable power supply
and relatively higher metal prices in recent months.
Trial production begun last week at Chambishi South-East Mine, which
is expected to produce 60 000 tonnes of copper at full capacity by 2020,
NFC Africa spokesman John Mtonga said.
NFC Africa currently mines at the Chambishi Main Mine and Chambishi
West Mine and had been developing the Chambishi South-East Mine, Mtonga
said.
Zambia`s President Edgar Lungu said during the
launch that NFC Africa had so far invested more than $500-million of the
total planned project investment of $832-million in the project, about
400 km (250 miles) northwest of Lusaka.
The South East Ore Body has copper ore reserves estimated at more
than 76 million tonnes at an average grade of 2.18%, according to a
document submitted to the environmental agency.
Other foreign mining companies operating in Zambia include Canada`s
First Quantum Minerals, Glencore, Barrick Gold and Vedanta Resources.
Short Link:
https://www.miningnews.ir/En/News/243782
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