Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsCar Insight
Download our mobile app to
your devices
Tibet Hima to dig out 5 million tonnes of copper
Jul 8, 2014 17:27Source:SMM
Tibet Hima Company Limited, the new Chinese owner of Kilembe Mines Company Limited, in terms of its 25 year contract will dig out five million tonnes of copper.
Author: Paul Ploumis08 Jul 2014 Last updated at 05:18:21 GMT
BEIJING (Scrap Monster): Tibet Hima Company Limited, the new Chinese owner of Kilembe Mines Company Limited, in terms of its 25 year contract will dig out five million tonnes of copper.
Tibet Hima Company acquired the Kilembe Mines this year beginning. The Kilembe copper mines are located in Kasese municipality and were discovered in the year 1908. The mining and exploration started in 1956 and at that time about 16 million tonnes of copper were explored. However, due to the capital limitations from investor’s side, more zones were not explored.
Godfrey Kabbyanga, the mayor of Kasese municipality said that the copper exploited in 196 was more than 4.1 million tons and mining business required more money and persistence. He added that the mining business accounted about 30 pct to the national economy before 1980.
He added that the Uganda Investment Authority had given approval for 500 mining companies in 2010 and Tibet Hima was the major project registered in that year. Tibet Hima needs to dig out five million tonnes of copper from the site so as to get the value on their investment in the 25 year contract they made. Tibet Hima will also generate 12 MW of power from River Mubuku.
Alex Kwatampora, a consultant for Tibet Hima said, “We are still in the exploration process and after that we shall do the renovation of the assets which Tibet inherited from the government and the dam is also going to be upgraded because it cannot generate enough electricity for the mines and copper processing.”
copper price
copper mining
copper production
Copper Mine
Tibet Hima
Kilembe Mines
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
CSPT Reaffirmed Sufficient Supply of Copper Mine in 2018
CSPT had a meeting on Tuesday and reaffirmed sufficient supply of copper mine in 2018.
Nov 16, 2017 14:10
Peru Copper Production Rises in September
Peru’s copper output increased in September, according to official data released on Monday.
Oct 31, 2017 09:29
SMM Events & Webinars
All- Oct09
NET ZERO EUROPE - Solar & Energy Storage Summit
Oct 09 - 10,2024THE EGG BRUSSELS, BELGIUM
- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
