Maravi

Construction of Konkola North mine to start

Construction of Konkola North mine to start
By Chiwoyu Sinyangwe
Tuesday May 20, 2008 [04:00]

Construction of Konkola North Mine and a 125 000 tonnes concentrator by Konnoco Zambia Limited is nearing as the mining company has already submitted an Environmental Impact Statement (EIS). According to the EIS, Konnoco has identified inferred mineral resources of 78.8 million tonnes of 2.14 per cent copper in the northern sector for large-scale mining licence of Konkola north area.

The statement which was prepared by SRK Consulting engineers and scientists of South Africa stated that power supply for the mine would be sourced through the Copperbelt Energy Corporation (CEC).

“The concentrator would process about 125 000 tonnes per month of copper sulfide and the oxide concentrate will be sold to a third part for toll processing. Konnoco has conducted feasibility study to recommission the existing shaft and developing a concentrator plants and associated infrastructure on site,” stated the EIS.

Konkola North Mine and Concentrator project is being promoted by Konnoco Zambia Limited which is an indirectly owned subsidiary of Teal Explorations and Mining Incorporated while the project is subjected to buy-in right of up to 20 per cent including five per cent carried interest by Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH).

Teal Explorations and Mining Incorporated acquired large-scale mining licence No. 20 for the Konkola North project in 1997 and the licence confers exclusive rights to Konnoco for a period of 23 years.

Labels: EIS, KCM, MINING

posted by MrK @ 4:14 AM