Please note: you are viewing an old version of this deal. The current version can be found here: Deal #5123

Deal #5123 Version #71070

Zambia

Created at

2016-07-20

Last update

2016-07-20

Last full update

2017-01-27

Land area

Intended size

24 000 ha

Size under contract (leased or purchased area)

[2010, current] 24000.0 ha

Comment on land area

The greater Lubambe mining licence area includes the extensions of the copper mineralisation from the current south and east Limb of the current mine to the Konkola basin in the south as well as the area to the east, covering the Kawiri and Kawiri North basins. The extension of the Lubambe Copper Mine includes the expansion of operations into an area six kilometres south of the current mine, within the allocated Large-scale Mining Licence area, along the Konkola basin.

Intention of investment

[current] Mining

Comment on intention of investment

Underground copper and cobalt mine- main focus on copper.

Nature of the deal

Exploitation permit / license / concession (for mineral resources)

Comment on nature of the deal

Life of mine is estimated at 28 years.

Negotiation status

[2010, current] Concluded (Contract signed)

Implementation status