Name of the Project
Kansanshi mine – S3 expansion project.
Location
Zambia.
Project Owner/s
First Quantum Minerals.
Project Description
The project has total proven and probable reserves of 842.7-million tonnes grading 0.63% total copper. Total measured and indicated reserves are estimated at 939.6-million tonnes grading 0.67% total copper for a mine life of 24 years.
The project envisages a 25-million-tonne-a-year expansion of the sulphide ore processing facility and the associated increase in mining capacity, increasing throughout to 52-million tonnes a year.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Capital of about $650-million will be required to implement the project.
An estimated $80-million is expected to be spent on the smelter expansion and an additional $15-million on the concentrate cleaning and high-pressure leach circuit plant modifications.
Planned Start/End Date
Once internal in-house approvals are granted, construction could potentially restart in 2023, with completion by late 2024.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
First Quantum Minerals, email info@fqml.com.