MOPANI TO INJECT US$ 150 MILLION INTO ITS UNDER-GROUND OPERATIONS

Subject to the board’s approval, Zambia’s Mopani Copper mines is set to commission another mining venture.

This is in a 1.5 million dollars deep mining venture, which will be implemented as soon as feasibility studies are finalised.

CEO Danny Callow says if the feasibility proves that the venture is economically viable, the company will go ahead and present a proposal to its board.

Mr Callow says the venture will be in the setting up of two new shafts and modern copper processing plants.

The investment is aimed at producing copper at a lower cost and doubling the current 150,000 metric tonnes production from its under-ground operations.

Mr Callow was speaking on the sidelines of the mining and energy conference.
Mopani has before indicated huge investments in its deep mining and processing operations.