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Vedanta Konkola hires South Africa Moolmans to mine copper

MessagePosté: Sam 27 Nov 2010 16:48
de bingogo
Wednesday, 16 Sep 2009
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Wednesday, 16 Sep 2009

Reuters reported that Vedanta Resources Plc has hired a South African company to mine for copper under plans to raise output to 500,000 tonnes by 2011 from around 200,000 now.

Konkola Copper Mines said that it had engaged a subsidiary of South Africa's Aveng Group Limited, Moolmans which specializes in surface mining. It added that its plans to resume cobalt output and bring it up to 5,000 tonnes per year were on course.

The company said that cobalt production would reach 5,000 tonnes after the 300,000 tonnes per year Nchanga copper smelter was commissioned in 2008 but gave no timeline to hit the target. It said that "Moolmans commenced operations at the site on September 1st 2009 under a performance based contract to mine 34 million tonnes of rock in 2 years. This ore will be treated at the tail leaching plant at Nchanga."

KCM, Zambia's largest copper producer has commenced several projects intended to raise copper production to 500,000 tonnes from the current average of 200,000 tonnes by 2011.

The company which is developing the Konkola Deep Mining Project said that to be the deepest copper mine in Africa, in July engaged Brazilian firm U&M to mine 2 areas for both waste and copper ore in a bid to boost output. It said that "Their involvement with KCM will create more employment and help us achieve our ambition of producing 500,000 tonnes of finished copper."