Zijin Mining: Copper Reserves at Kamoa Mine Rise to 33.34 Mln tonnes-Shanghai Metals Market

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Zijin Mining: Copper Reserves at Kamoa Mine Rise to 33.34 Mln tonnes

Industry News 11:16:48AM Oct 14, 2016 Source:SMM

SHANGHAI, Oct. 14 (SMM) - Zijin Mining Group announced copper reserves at the Kamoa copper mine project in Congo, a JV with Ivanhoe Mines Limited, increased to 33.34 million tonnes, according to cnfol.com.

Amec Foster Wheeler estimated controllable copper ore reserves were 192 million tonnes at the Kakula section of Kamoa copper mining area, based on 1% cutoff grade. Copper reserves were 6.63 million tonnes, with grade averaging 3.45%.

Deducted copper ore reserves were 101 million tonnes using 1% cutoff grade. Copper reserves were 2.76 million tonnes, with the average grade of 2.74%.

So, copper reserves at the Kamoa mining zone increase from 23.95 million tonnes to 33.34 million tonnes, becoming the largest copper mine in Africa and world’s top 10 copper mine.

Zijin Mining holds a 54.4% stake in Kamoa mine, and 17 million tonnes of its copper reserves. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Zijin Mining: Copper Reserves at Kamoa Mine Rise to 33.34 Mln tonnes

Industry News 11:16:48AM Oct 14, 2016 Source:SMM

SHANGHAI, Oct. 14 (SMM) - Zijin Mining Group announced copper reserves at the Kamoa copper mine project in Congo, a JV with Ivanhoe Mines Limited, increased to 33.34 million tonnes, according to cnfol.com.

Amec Foster Wheeler estimated controllable copper ore reserves were 192 million tonnes at the Kakula section of Kamoa copper mining area, based on 1% cutoff grade. Copper reserves were 6.63 million tonnes, with grade averaging 3.45%.

Deducted copper ore reserves were 101 million tonnes using 1% cutoff grade. Copper reserves were 2.76 million tonnes, with the average grade of 2.74%.

So, copper reserves at the Kamoa mining zone increase from 23.95 million tonnes to 33.34 million tonnes, becoming the largest copper mine in Africa and world’s top 10 copper mine.

Zijin Mining holds a 54.4% stake in Kamoa mine, and 17 million tonnes of its copper reserves. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.