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Mining & Natural Resources
Copper staining at the old Hippo Mine, Kafue.
CHIBULUMA SOUTH MINE
J. Trouw
General Manager
PO Box 260499, Kalulushi
Tel: +260-212-239158
Fax: +260-212-239179
chibfin@coppernet.zm
www.metorexgroup.com
The Chibuluma South Mine is a subsidiary of Meto-
rex LTD, is situated south of the town of Kalulushi,
which is approximately 12km west of Kitwe, one of
the metropolitan and industrial centres of the Zam-
bian Copperbelt. The current mining area is Chibu-
luma South, a new ore body developed to replace
Chibuluma West near the town of Kalulushi, where
mining ceased in February 2005 after 50 years of
continuous mining operations. The mine produces a
copper concentrate, which is subsequently sold to
smelters.
The Chibuluma South mine was obtained In 1997
Metorex (85%) and ZCCM-IH (15%). The reserve
at Chibuluma South is around 8 million tonnes at
3.6% copper, and the inferred resource near Chibu-
luma South at the Chifupu prospect is over 1 million
tonnes grading at 2.9% copper.
The Metorex Group has evolved by assembling a
portfolio of profitable mining companies with a com-
modity mix and good growth prospects. The group
has a record of sustained profitability, despite the
cyclical nature of commodity prices. The group has
a mix of commodities, which offer counter-cyclical
protection during economic cycles. Metorex’s cur-
rent mining activities are in antimony, coal, copper,
gold and fluorspar. The Metorex Group head office is
situated in Rosebank, Johannesburg, South Africa,
from where it presently owns and manages six min-
ing and processing companies throughout Southern
and Central Africa.
The group is operated on a decentralized manage-
ment but centralized logic basis. Each company
operates as a self-standing, independent unit, re-
sponsible to Metorex for the attainment of its budget
and the implementation of the strategic plans agreed
upon at board level.
At Chibuluma South, access to the sulphide ore
body was started in December 2003. The mine
presently produces approximately 16,000 tons of
copper per annum.
DENISON MINES
Plot 230 Kasangula Rd.
Postnet 410, Arcades Lusaka
Tel: +260-211-294-292 / Fax: +260-211-294-296
info@denisonmines.com
www.denisonmines.com
Denison Mines Corp. (TSX: DML, NYSE AMEX:
DNN) is a diversified, intermediate uranium producer
with uranium production in both the U.S. and Cana-
da and development projects in the U.S., Canada,
Zambia and Mongolia. Denison’s assets include an
interest in two uranium mills in North America, with
its 100% ownership of the White Mesa mill in Utah
and its 22.5% ownership of the McClean Lake mill in
Saskatchewan. Both mills are fully permitted. Deni-
son also has other mines and projects on stand-by
in Canada and the U.S. Denison’s 2009 production
from its two mills was 1.4 million pounds U3O8 and
0.5 million pounds of vanadium. 2010 production is
estimated to be 1.6 million pounds U3O8 and 2.4
million pounds of vanadium.
Denison enjoys a global portfolio of world-class
exploration projects in close proximity to the com-
pany’s mill in the Athabasca Basin in Saskatchewan,
including the Wheeler River project where Denison
announced the new Phoenix discovery in 2008. Den-
ison also has exploration and development proper-
ties in Mongolia and Zambia, which will provide fu-
ture production in two to three years.
In Zambia, Denison acquired the Mutanga Project
(Mutanga) in 2007 through the acquisition of Omeg-
aCorp. Mutanga is comprised of the Mutanga and
Dibwe deposits plus a number of exploration areas.
Mutanga is located in a sparsely populated region
in southern Zambia, in the Siavonga District of the
Southern Province, approximately 200 kilometres
south of Lusaka.