MCM to sink two shafts at K1tn
MOPANI Copper Mines (MCM) will invest more than K1 trillion in sinking two new shafts at its Nkana division in Kitwe to counter the mine’s rapidly decreasing copper ore production.
The mine, which projects a drop in production of copper by about 50 per cent by 2014 said up to 8,000 jobs could be on the line if there were no counter measures.
Speaking during a public consultative meeting for the proposed shaft sinking held in Kitwe, Nkana synclinorium mining project manager Blackson Simutenda said the project was vital to the survival of the mine.
Mr Simutenda said the synclinorium rock host and ventilation shaft sinking would cost the Glencore owned company US$ 206 million (about K1.03 trillion).
He explained that the proposed project’s feasibility study was started in December last year and an environmental impact assessment (EIA) paper had already been done. It was just awaiting Government’s approval.
The sinking of the two shafts, Mr Simutenda said, would extend the life span of the mine by 24 years.
Mopani presently breaks about 3.4 million tonnes of rock per year and this was expected to drop to 1.8 million tonnes in the next four yrs.
The depleting of the reserves will result in drastic drop of copper production from the current 3.4 million tonnes to below 1.8 million tonnes,” Mr Simutenda said.
He said that the need to sink the two new shafts in Kitwe was as important to his company as it was to the country as apart from keeping the Mopani workers in employment would keep the mining sector running.
The depletion of the reserves was expected though Mr Simutenda was quick to mention that the ore body was still rich and Mopani was committed to exploiting it to produce more copper for Zambia.
Mr Simutenda said the expected drop in production would threaten the mine as with such low levels of production, it would not be economically sound to keep it running.
Mr Simutenda said the solution was for the company to sink new shafts to complement production at the mine’s South Ore Body (SOB), whose capacity of production had some limitations.
The proposed synclinorium rock host and ventilation shaft sinking was cardinal in that once completed it would boost copper ore production to even more than the current levels to as much as 5.2 million tonnes per annum.”
Apart from that, this will extend the life span of the mine by a further 24 years and jobs for employees both directly employed by Mopani and various contractors will be secured,” he said.