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Kansanshi's $900m investment puts the country on the map. April 20, 2017. Share on Facebook. Tweet on Twitter. O ne of the newest and most advanced copper smelters in the world is not in China or Canada or the United States, but right here in Zambia. This $900 million marvel of technology, which started operating in early 2015, is …
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TORONTO, Dec. 01, 2022 (GLOBE NEWSWIRE) - First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX: FM) has agreed with its partner, ZCCM Investments Holdings Plc ("ZCCM-IH"), to convert ZCCM-IH's dividend rights to a 3.1% revenue royalty. ZCCM-IH will continue to be represented on the Kansanshi Mining Plc ("KMP") Board …
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The mine half year results also show aggressive year on year earnings growth. Kansanshi posted half year January to June 2021 revenues of US$876 million, up from US$700 million posted for the same period in 2020. FQM production is usually low in the first quarter from January to March but picks up for the other three quarters.
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"Consolidating our mining operations at Kansanshi will enable us to better support the roll-out of these projects," said Rudi Badenhorst, FQM Chief Operating Officer. The purpose of this consolidation is to re-organise the First Quantum Zambia business operations in a more logical and efficient way by housing all units that solely service ...
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With S3, Kansanshi has a bright future, although the 'easy years' of mining are long behind us. These new projects will test our ingenuity and technological prowess to the full. Consolidating our mining operations at Kansanshi will enable us to better support the roll-out of these projects, and therefore helps ensure their ultimate success."
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The Kansanshi deposit was recently estimated to contain 267 million tonnes grading 1.28 percent Cu and 0.16 g/t Au, making it one of the largest Zambian copper deposits outside the copper belt. The Kansanshi deposit occurs within the Lufilian arc, a Pan-African fold-and-thrust belt that was active from Late Proterozoic to Late Cambrian.
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This will extend the life of Kansanshi till 2044 and allow the operation to produce about 250,000 mt/year of copper, the company said. In parallel with the expansion of the mine and processing facilities, the company said it plans to increase the throughput capacity of the Kansanshi smelter to 1.65 million mt/year of concentrate from the ...
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KANSANSHI MINING . Kansanshi employs more than 13,000 people, primarily made up of a localised Zambian workforce, and utilises state-of-the-art technology to extract copper and gold from three different ore types, with world-class efficiency. The Kansanshi mine is owned and operated by Kansanshi Mining, which is 80 percent owned by First Quantum.
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The 0.2% TCu cut-off grade for this estimate provides a Mineral Resource inventory which encloses the Mineral Reserve estimate, and is consistent with the cut-off grade adopted for the last reported estimate in the Kansanshi Technical Report. Current surface stockpiles at the end of 2023 are given in the table below.
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