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Copper|Gold|PROJECT
Copper|Gold|PROJECT
copper|gold|project

Lumwana copper mine expansion, Zambia

Image of Lumwana mine

Photo by Barrick Gold Corperation

24th November 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Lumwana copper mine expansion.

Location
Zambia.

Project Owner/s
Barrick Gold Corporation.

Project Description
The expansion project will elevate this once-unprofitable operation into the front rank of copper producers.

It will increase Lumwana’s production to an estimated 240 000 t/y of copper from a 50-million-tonne-a-year process plant over a 36-year life of mine.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$2-billion.

Planned Start/End Date
The project’s accelerated work programme is targeting completion of the full feasibility study by the end of 2024, bringing the expected and expanded process plant production forward to 2028.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Barrick Gold Corporation investor and media relations, Kathy du Plessis, tel +44 20 7557 7738 or email barrick@dpapr.com.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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