SA contract miner clinches Zambia deal 0 COMMENTS | ADD



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Message Ven 2 Oct 2009 06:41

SA contract miner clinches Zambia deal 0 COMMENTS | ADD

SA contract miner clinches Zambia deal

By: Talent Ngandwe
2nd October 2009
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Zambia’S biggest copper producer, Konkola Copper Mines (KCM), has engaged South African mining contractor Moolmans to undertake mining operations at its Chingola openpit A.

KCM, owned by India’s Vedanta Resources, a London-listed FTSE 100 metals and mining group, is pushing to achieve an annual output of 500 000 t of copper at 80c/lb from 2011.

KCM head of corporate affairs Rahul Kharkar says Moolmans started operations at the openpit on September 1 under a performance-based contract that will see 34-million tons of rock being mined in two years.

This ore will be treated at the existing tailings leach plant at Nchanga mine.

Moolmans joins another mining contractor, Brazil’s U&M, at the Chingola openpits.

“[The contractors’] involvement with KCM will create more employment opportunities and help us achieve our ambition of producing 500 000 t of finished copper at 80c/lb from 2011.”

Kharkar says the engagement of Moolmans and U&M will boost the company’s efforts to achieve the aims of the Tubombe Tusunge cost-saving initiative launched a few months ago.

Under the initiative, KCM is moving towards engaging world-class contractors to develop a world-class operation.

Moolmans has accumulated vast experience in the field, having worked with several major mining companies on openpit operations.

It is one of the largest opencast mining contractors in Africa, moving about 14-million tons of rock and earth each month.

Zambia produced over 700 000 t/y in the 1970s, when it was one of the top four producers of copper in the world.

The 500 000-t/y target from 2011 would account for 50% of the projected national output as the country looks to regain its global position after years of falling production.

Mining has remained a key sector of the economy, with exports of minerals accounting for about 70% of Zambia’s foreign exchange earnings.
Edited by: Martin Zhuwakinyu


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Message Ven 2 Oct 2009 21:12

Re: SA contract miner clinches Zambia deal 0 COMMENTS | ADD

Bien intéressant!
Merci Bingogo

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