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Enterprise nickel project, Zambia – update

Dump truck at a nickel mine

Photo by ©Bloomberg

26th January 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Enterprise nickel project.

Location
North Western Province, Zambia.

Project Owner/s
First Quantum Minerals.

Project Description
The project comprises a main openpit and one extension to the south-west.

It will use an existing four-million-tonne-a-year nickel circuit previously built as part of the original Sentinel processing complex.

The main workstream will include the prestrip of waste.

By 2024, the Enterprise operation is expected to deliver between 15 000 t and 20 000 t of nickel from its sulphide circuit, reaching 30 000 t/y by 2025. Over its 11-year life-of-mine, Enterprise is expected to produce about 280 000 t of nickel.

Potential Job Creation
The project will employ about 700 full-time staff.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$100-million.

Planned Start/End Date
This mine is operational, with production having started in 2023.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
First Quantum Minerals, email info@fqml.com.

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Edited by Creamer Media Reporter

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