- Write by:
-
Monday, June 24, 2019 - 1:01:29 PM
-
1378 Visit
-
Print
Mining News Pro - Diversified mining services company Ausdrill Ltd has announced its subsidiary, leading hard-rock underground miner Barminco, has been awarded a five year underground mining services contract at the Zone 5 Mine in Botswana from Khoemacau Copper Mining (Pty) Ltd (Khoemacau) worth approximately A$800 million. The mining project is 100% held by Cupric Canyon Capital.
According to Mining News Pro - Ausdrill Managing Director Mark Norwell said: “We are very pleased to have been awarded this significant contract in Botswana, a highly desirable country to do business in Africa. This contract award is further endorsement of our acquisition of Barminco and its strong contribution to our international growth strategy.”
Khoemacau’s Zone 5 operation is a new, large and long-life mine development project located in the highly-prospective Kalahari copper belt in Botswana. Barminco’s scope of services includes mine development, establishment of underground mine infrastructure, diamond drilling and mine production at an initial rate of 3.6 Mt per annum of copper ore with multiple expansion opportunities. Subject to closing of the Khoemacau Project funding, which is expected shortly, Barminco will commence mining services in December 2019.
In awarding the contract, Cupric Canyon Capital and Khoemacau Chief Executive Officer Johan Ferreira said: “We are delighted to partner with Barminco at Zone 5 to create a safe, large-scale, highly productive and fully mechanised mine, delivering high quality employment and sustainable skills development and employment outcomes for Botswana citizens.”
Barminco Chief Executive Officer Paul Muller said: “In addition to excellent safety, quality and productivity outcomes at Zone 5, success will also be measured by the creation of a highly skilled local workforce through effective training, skills transfer and leading technology programs.”
Short Link:
https://www.miningnews.ir/En/News/389844
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
Adriatic Metals is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
No comments have been posted yet ...