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By Reuters Staff
2 Min Read
, (Reuters) - Papua New Guinea s Kumul Minerals Holdings Ltd is open to talks with Canada s Barrick Gold ABX.TO and its joint venture partner to restart production at a highlands gold mine, the state-owned miner s chairman said, according to a report on Wednesday.
FILE PHOTO: A visitor passes a Barrick Gold mining company display during the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada March 4, 2019. REUTERS/Chris Helgren
The overture follows this week’s dismissal by Papua New Guinea’s National Court of Barrick’s request for a review of the government’s earlier refusal to extend Barrick’s lease at the remote Porgera mine.
Copper production in Africa is expected to maintain a compound annual growth rate of 4.5% by 2024.
Jan 6,2021 15:30
CST
Source:SMM
[copper production in Africa is expected to maintain a compound annual growth rate of 4.5 per cent by 2024] the growth rate of copper production in Africa is expected to pick up in 2022 with the resumption of (Mutanda) and the start of a number of projects. Copper production in the region is expected to reach 2.9 million tons by 2024, maintaining a compound annual growth rate of 4.5 per cent.
The content below was translated by Tencent automatically for reference.
Despite the impact of COVID-19 s epidemic, copper production in Africa is expected to grow slightly in 2020, S & P global market Caizhi reported on December 18. As a result of the blockade measures, most of the operations of the major copper producers in Africa were not affected by the epidemic. In addition, the number of new cases in the Democratic Republic of the Congo and Zambia is low
Initial production at Kamoa-Kakula expected in less than six months
Construction at Ivanhoe s Kamoa-Kakula project in the Democratic Republic of Congo. Credit: Ivanhoe Mines.
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) announced that underground development at its Kamoa-Kakula copper project in the Democratic Republic of the Congo mined and stockpiled 269,000 tonnes of ore grading 5.36% copper in December from the Kakula and Kansoko mines.
The miner said in a press release that given its progress, initial production at Kamoa-Kakula can be expected in less than six months.
According to Ivanhoe, the reported tonnage in the last month of 2020 was 7.6% higher than in November, while the copper grade was 10.5% higher. This means that the project’s pre-production surface stockpiles now contain approximately 1.52 million tonnes of high-grade and medium-grade ore at an estimated blended grade of 4.03% copper.
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