Zambia African Safari

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Tuesday, November 01, 2005

Lumwana, Greenfield Copper Mine in Zambia

Equinox Minerals an Australian mining house has just completed a feasibility study on a new deposit. The Lumwana copper project in Zambia is the only Greenfield mine in the last fifty years. The initial projections of production were 125,000 tonnes of copper metal per annum. Now Equinox Minerals plans are an increase of life-of-mine production to 150,000 tonnes. And production will go beyond 17 years.

Equinox Minerals chief executive officer and president Craig Williams recently announced that production of mine concentrate of 434,000 tonnes per annum will increase to 450,000 between the sixth and 17th year.

This will all be from a capital outlay of US$387 million. The expected run of mine cost will be below 70 cents per pound of copper metal. Included in the capital costs are pre-production mining and ancillary equipment, process plant and related infrastructure, tailings dam and water management, and general and administrative expenditures.

A New City and Safari

A new mining town is in the offing at Lumwana which is over 250 kilometres west of the Zambian Copperbelt. It will be the newest city, brand new and modern! And for safari adventures? Surface water from the designated mine area will be diverted into a large lake. It will host aquatic flora and fauna… fish and all. So great water sports and great fishing for the future miners and their relations. But for holidays they will head to Livingstone and the Victoria Falls, of course.


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