The Conversation (0)
Mining Weekly reports that repositioned and recapitalised JSE-listed copper/cobalt miner Metorex is making rapid progress at its Kinsenda project in the Democratic Republic of Congo (DRC), which could add another 20 000 t/y of copper to the company’s current output of 54 000 t/y.
Mining Weekly reports that repositioned and recapitalised JSE-listed copper/cobalt miner Metorex is making rapid progress at its Kinsenda project in the Democratic Republic of Congo (DRC), which could add another 20 000 t/y of copper to the company’s current output of 54 000 t/y.
The report is quoted as saying:
“It looks like it could be all systems go with Kinsenda,” Metorex CEO Terence Goodlace tells Mining Weekly Online in a video interview (see attached).
The formerly loss-making Metorex reported a 27% higher R1,8 billion gross revenue in the six months to December 31 and a 111 % uplift in mining profit to R851-million.
The company has turned the corner at its Ruashi project, also in the DRC, and there has been record production out of the company’s Chibuluma mine in Zambia.