Business

$8m set aside for open-pit mine

TRYNESS TEMBO, DARLINGTON MWENDABAI,Lusaka

WITH continued increase in copper demand, about US$8 million has been set aside by Mukula Mine to develop an open-pit mine with associated copper processing facilities in Lufwanyama. Copper demand is expected to outstrip supply over the next 12 to 18 months due to a rebound in economic activities bolstered by expanding coronavirus vaccination programmes worldwide. Under the project, the company will be processing copper ore into concentrates. According to the environmental impact assessment (EIA) report submitted by Mukula Mine to Zambia Environmental Management Agency (ZEMA), the mine is expected to have a lifespan of 10 years based on the current known copper reserves. The size and design of the project within the exploration licence is based on the mineral exploration data obtained and analysed over the years of exploration activities.
“The firm will continue with the exploration activities within the licence area to possibly increase the life of the mine. Site preparation is planned to start after approval of the EIA by all the relevant authorities,” the report states. The mine is expected to have a production capacity of 500,000 tonnes per annum. The EIA states that capital construction work mainly includes the excavation of the designed open-pit mine to expose CLICK TO READ MORE



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