China's CNMC Starts $5 Mln Study On Zambia Copper Dams-Paper-Shanghai Metals Market

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China's CNMC Starts $5 Mln Study On Zambia Copper Dams-Paper

Industry News 08:57:07AM Jul 30, 2010 Source:SMM

Jul 29, 2010 (Dow Jones Commodities News via Comtex) -- China Nonferrous Metals Co. (8306.HK) has started a $5 million study on the possibility of extracting copper on a commercial basis from the Mufulira Tailings dams in Zambia's Copperbelt province, the Times Newspaper of Zambia reports Thursday.

The state-owned daily quoted Deputy Minister of Mines and Minerals Development Boniface Nkhata as saying that the study would assess the economic viability of excavating copper in the tailings dams and production would only commence after adequate quantities have been discovered.

Zambia's state mining company, Zambia Consolidated Copper Mines-Investment Holdings signed an agreement with CNMC in April for the project which is expected to pave the way for copper production from the dams.

CNMC already owns Chambishi Copper Mines and Chambishi Copper Smelter as well as Mufulira Copper Mines in Zambia.

 
 

China's CNMC Starts $5 Mln Study On Zambia Copper Dams-Paper

Industry News 08:57:07AM Jul 30, 2010 Source:SMM

Jul 29, 2010 (Dow Jones Commodities News via Comtex) -- China Nonferrous Metals Co. (8306.HK) has started a $5 million study on the possibility of extracting copper on a commercial basis from the Mufulira Tailings dams in Zambia's Copperbelt province, the Times Newspaper of Zambia reports Thursday.

The state-owned daily quoted Deputy Minister of Mines and Minerals Development Boniface Nkhata as saying that the study would assess the economic viability of excavating copper in the tailings dams and production would only commence after adequate quantities have been discovered.

Zambia's state mining company, Zambia Consolidated Copper Mines-Investment Holdings signed an agreement with CNMC in April for the project which is expected to pave the way for copper production from the dams.

CNMC already owns Chambishi Copper Mines and Chambishi Copper Smelter as well as Mufulira Copper Mines in Zambia.