https://www.miningweekly.com
Building|Contractor|Copper|Dewatering|Exploration|Mining|PROJECT|Resources|Operations
Building|Contractor|Copper|Dewatering|Exploration|Mining|PROJECT|Resources|Operations
building|contractor|copper|dewatering|exploration|mining|project|resources|operations

Xtract appointed as contractor at Zambian copper processing project

15th July 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Xtract Resources has concluded a memorandum of agreement with KPZ International (KPZ) for Xtract to act as contractor for the Kalengwa processing project on the large-scale copper mining licence number 24401-HQ-LEL located in the central part of the Republic of Zambia.

The historic Kalengwa copper mine was one of the highest-grade copper mines in Zambia with a mineralised high-grade core reported to have yielded an average grade of 27% copper.

Xtract has conditionally been appointed as contractor to oversee and begin initial production from the Kalengwa dumps of about 1.34-million tonnes with a potential to contain 25 000 t of copper metal.

Xtract and KPZ have agreed a 90-day due diligence period following completion of which, should Xtract wish to proceed to act as contractor, it will pay KPZ $200 000 in Xtract shares.

Xtract intends to begin a simple ore sorting programme, building up to a more significant ore processing operation within the next eight months, with a production target rate of 6 000 t/y of copper metal.

Xtract will receive, if it elects to proceed as contractor, 33.33% of net profits from the operations and will incur the further estimated capital cost.

An exploration programme will determine the extent of previously reported potential strike extensions to the north and south of the historic openpit to determine the potential for a new openpit operation.

“I am pleased to have completed this processing arrangement which makes immediately available to us relatively high-grade dump material for processing,” commented Xtract executive chairperson Colin Bird.

He indicated that the company would also start an exploration programme to identify the possible extensions of the openpit ore both on strike and depth.

The results from the exploration will determine the size and operating requirements of a potential larger operation.

The company will also assess the possibility of dewatering the former openpit with a view to accessing the high-grade ore left at the bottom.

“The redevelopment of Kalengwa should create job opportunities for the local community. The resumption of operations will be much assisted by local knowledge and a strong desire to see the Kalengwa mine once again flourish.”

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.127 0.166s - 90pq - 2rq
Subscribe Now