Sinomine approves investment in Kitumba copper project in Zambia
2024-12-30 15:01:57 [Print]
Sinomine's board of directors has given the green light for the investment in Kitumba copper mining, dressing and smelting project, which will be built by its majority-owned subsidiary Sinomine Kitumba Minerals Company Limited in Zambia.
With a total planned investment of around USD563 million, which will come from its own capital and self-raised funds, the project has a designed annual mining and dressing capacity of 3.5 million tonnes of raw ore and smelting capacity 60,000 tonnes of copper cathode (Cu≥99.95%).
The latest feasibility study report for Kitumba project suggested copper resources of 36.06 million tonnes at 1.72% Cu, containing 621,000 tonnes of copper, for mining and dressing, and low-grade copper resources of 12.14 million tonnes at 0.45%, containing 54,500 tonnes of copper, for heap leaching, with a total extractable copper of 675,500 tonnes.
With a total planned investment of around USD563 million, which will come from its own capital and self-raised funds, the project has a designed annual mining and dressing capacity of 3.5 million tonnes of raw ore and smelting capacity 60,000 tonnes of copper cathode (Cu≥99.95%).
The latest feasibility study report for Kitumba project suggested copper resources of 36.06 million tonnes at 1.72% Cu, containing 621,000 tonnes of copper, for mining and dressing, and low-grade copper resources of 12.14 million tonnes at 0.45%, containing 54,500 tonnes of copper, for heap leaching, with a total extractable copper of 675,500 tonnes.
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