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Gemfields, the holding
company for Kagem mine in Zambia has disclosed prospects of expanding
operations at its Copperbelt-based Zambian entity.
According to a statement
posted on the company’s website, the expansion plans centre around developing the
Kagem mine into an under-ground facility.
Kagem is currently an
open-pit operations mine, whose full revenue potential is yet to be significant
to the Zambian economy.
These plans are against the
background of possible ore deposits of not less than 2.75 million tonnes at the
current area of operations.
A lead mining consulting
firm, SRK has estimated Kagem’s ore deposits at an impressive 1 billion carats
of emerald and beryl at 365 carats a tonne.
However, a feasibility
study of the economic viability of the expansion plans is yet to be done.
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