International news within the industry of mining and metal, May, 22 2019
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Canadian miner to invest $350M in Australian copper project

Photo: Copper Mountain Mining
Photo: Copper Mountain Mining
Published by
Jaroslaw Adamowski - 05 Oct 2018

Canada’s Copper Mountain Mining has un-veiled plans to invest some $350 million in the development of its Eva copper project in Queensland, Australia.

 

The company released the results of its feasibility study of the project.

 

"The mine plan includes production of 334 million tonnes of ore and waste from five deposits over a minimum mine life of 12 years," Cop-per Mountain Mining said in a statement. "The process plan calls for an average throughput of 28,000 tonnes per day (tpd) for the first five years and 25,500 tpd for the remaining life of mine based on the hard-ness variability incorporated into the geo-metallurgical model of the deposit."

 

The Canadian miner says Copper its flagship asset is the Copper Mountain mine located in southern British Columbia, in which the company holds a stake of 75%. The mine produces some 90 million pounds of copper equivalent per year.

Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat
Cobalt mine in Democratic Republic Congo. About half of all mined cobalt comes from DRC, mainly from the province of Katanga. The mining takes place close to towns and villages. Local communities regularly are cut off from their farmland and water sources near mines, without having had a say in the matter. There are several examples of forced relocations of entire villages. Inhabitants of the village Kishiba, for example, were forced to move to make way for Frontier, a cobalt and copper mine. Their new homes in Kimfumpa lack the most basic of services such as clean water, fertile farmland, schools and health care. Photo: ECCJ Secretariat

Chinese control half of the Congo's cobalt