Post by
gord_bolton on Aug 18, 2020 10:15am
CNMC will build a processing plant at Platreef? Kipushi?
CNMC will build a processing plant at Platreef (and maybe Kipushi) in return for an off take agreement allowing Ivanhoe to pour money into Kamoa-Kakula?
Comment by
Katanguero on Aug 18, 2020 10:42am
I am a shareholder of China Nonferrous Mining. I am sure that the first step of this strategic union will be the purchase of copper concentrate for its smelter at Lualaba Copper Smelter. The Congolese government is likely to dictate that, to allow metal exports, Lualaba must first work at 100% capacity.
Comment by
crow27 on Aug 18, 2020 11:46am
This smelter is already built and producing at commercial rates. You mention it must be producing at 100% capacity. What capacity is it producing at?
Comment by
Katanguero on Aug 18, 2020 11:57am
Copper concentrate smelting project with an annual capacity of 400,000 tonnes was constructed to produce approximately 118,000 tonnes of blister copper per annum. https://www.metalbulletin.com/Article/3914221/CNMCs-DRC-copper-smelter-starts-production-with-2020-target-of-100ktsources.html
Comment by
tiger6301 on Aug 18, 2020 8:36pm
Does anyone know how much EXTRA capacity does the smelter have? tiger