Wednesday, September 10, 2008

Bwana Mkubwa

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First Quantum Minerals’ Bwana Mkubwa copper processing plant near Ndola in Zambia was originally built as a five year life short-term plant with a capacity of 10,000 tonnes of finished copper a year. The original tailings facility the plant was founded to process is long since exhausted, and Bwana Mkubwa obtains its ore from the Lonshi mine over the border in the Democratic Republic of Congo

Lonshi is unique in that it was the first cross border mining venture (involving the DRC and Zambia) in Africa. In order to meet financing guarantees and mitigate market risk concerns, when First Quantum was arranging funding for the Lonshi mine a 500,000 tonne stockpile of Lonshi ore was generated and stockpiled on the Zambian side of the border as collateral for the banks. “While there is no longer any need for that, the Zambian-DRC border closes at 8:00 pm and with Bwana Mkubwa an around the clock operation we keep some 10,000 to 15,000 tonnes on the Zambian side so that the night shift can continue transporting ore to the plant,” Badenhorst says
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