International news within the industry of mining and metal, Jul, 23 2018
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Africa-focused miner secures funds for Botswana copper mine

Photo:  Cradle Arc
Photo: Cradle Arc
Published by
Jaroslaw Adamowski - 06 Apr 2018

Africa-focused miner Cradle Arc has se-cured $10 million in secured debt funding to develop its Mowana openpit copper mine in Botswana. The company estimates for Mowana is 75 million tonnes at 1.15% Cu for 861,000 tonnes of contained copper, the company said in a statement.

 

"Our new resource model captures our improved understanding of the Mowana opportunity, allowing for better returns to be achieved in the near term as we move from the testing and recovery phase towards steady state operations and our goal of achieving initial nameplate capacity of [about] 12,000 tonnes of copper per annum," said Kevin van Wouw, the chief executive of Cradle Arc. "With a restructured and strengthened balance sheet and clearly defined accelerated development plan, we look forward to establishing Mowana as a major copper producer."

 

Cradle Arc says its core portfolio includes the Mowana mine and the Matala gold project in Zambia.

Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber
Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber

Kelibers environmental impact assessment answered by the NTM Center

"Harmful substances in the slate"

On January 18 this year, the mining company Keliber sent an MKB description to the Finnish NTM...