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copper investing

Uganda Accepting Bids to Restart Kilembe Copper Mines

Investing News Network
Nov. 05, 2012 08:27AM PST
Base Metals Investing

Mining Weekly reported that Uganda has invited bids to restart production at the Kilembe copper mines, which have been idle since the 1980’s.

Mining Weekly reported that Uganda has invited bids to restart production at the Kilembe copper mines, which have been idle since the 1980′s.

As quoted in the market report:

The east African nation’s Department of Geological Survey and Mines says Kilembe has an estimated 4-million tons of ore, of which 1.98% is estimated to be pure copper and 0.17% cobalt.

To view the whole Mining Weekly report, click here.

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