Kipoi Mine

Kipoi Mine
Location
Kipoi Mine
Province Katanga Province
Country Democratic Republic of the Congo
Coordinates 11°12′52″S 27°03′26″E / 11.214472°S 27.057247°E / -11.214472; 27.057247Coordinates: 11°12′52″S 27°03′26″E / 11.214472°S 27.057247°E / -11.214472; 27.057247
Production
Products Copper
Owner
Company Tiger Resources, Gécamines
Website www.tigerez.com

The Kipoi Mine is a copper mine in Katanga Province of the Democratic Republic of the Congo with an inferred 306,000 tonnes of copper in high-grade ore.[1]

Ownership

Kipoi Mine is a joint venture between Tiger Resources (60%) and the state-owned Gécamines (40%). It was planned to start generating revenue in 2011.[1] In June 2011 Tiger Resources said they were negotiating to acquire a higher share of the operation from Gécamines.[2]

Development

The Kipoi Mine property covers 5,500 hectares (14,000 acres). Actual mineral reserves with 3.35% copper or more are 2.68 Mt containing 7.0% copper, 0.2% cobalt and 4.5 g/t silver. Plans included installing a plant with crushing, scrubbing and heavy media separation (HMS) equipment to produce 120,000 tonnes of 25% copper concentrates annually. Two shaft furnaces would produce 32,000 tonnes annually of black copper ingots at 95% to 98% copper.[3] Tiger Resources invested more than $60 million to start the mine.[2]

Production

The target is to reach a capacity of 100,000 tonnes per year of copper metal.[3] By June 2011 Tiger was producing 25% copper concentrate at a rate of 130,000 metric tons a year.[2] The company was considering using $250 million from cash flow to build a Solvent Extraction Electrowinning (SXEW) copper cathode plant, with capacity of 50,000 tons per year.[2] In September 2011 the company announced that the SXEW study had proved positive at current copper prices, and the plant would start operation in mid-2014, initially processing residues from the HMS plant.[4] In October 2011 Tiger Resources slowed extraction of ore, since there was a stockpile with three month's supply.[5]

References

  1. 1 2 "Fact Sheet" (PDF). Tiger Resources. Retrieved 2011-11-06.
  2. 1 2 3 4 Franz Wild (Jun 24, 2011). "Trafigura's Tiger Seeks to Raise Stake in Congo Copper Mine". Bloomberg. Retrieved 2011-11-06.
  3. 1 2 "Kipoi". InfoMine. Retrieved 2011-11-06.
  4. ↑ Esmarie Swanepoel (28 September 2011). "Kipoi scoping study proves profitability - Tiger". Mining Weekly. Retrieved 2011-11-06.
  5. ↑ "Tiger Resources revises mining schedule as copper stockpile rises". Metal Bulletin. October 18, 2011. Retrieved 2011-11-06.
This article is issued from Wikipedia - version of the 4/26/2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.