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Kipushi rehabilitation and redevelopment project, Democratic Republic of Congo

6th September 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Kipushi rehabilitation and redevelopment project, Democratic Republic of Congo.

Client
Kipushi Corporation, in which Ivanplats acquired a 68% share in 2011.

Project Description
In the Kipushi mine’s 70 years of operation, 60-million tonnes of materials were extracted at a grade of 6.78% copper and 11.03% zinc. In addition, 400 000 t of lead, 45 000 t of cadmium and 120 t of germanium were extracted through the existing processing plant.

Ivanplats is dewatering the Kipushi mine to access the original workings, known as the Fault Ore. An additional deposit has been identified at a level below the original workings.

Value
The value of the project is still to be determined.

Duration
The timeframe for the project is still to be determined.

Latest Developments
Minerals process and project management company focused on the mining industry, MDM Engineering Group, has been awarded the scoping study for the rehabilitation and redevelopment project.

A mining and business plan for the life of the mine will need to be developed to confirm a viable business for additional mine refurbishment, development and investment in surface processing capacity and infrastructure.

Preliminary metallurgical testwork is taking place at Mintek and a new processing facility may need to be constructed.

The roaster technology to further refine the product will be included in the scoping study. MDM will also investigate concentrate to metal viability.

Key Contracts and Suppliers
MDM (scoping study).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Ivanplats investor relations, Bill Trenaman, tel +1 604 688 6630 or email billtr@ivancorp.net.
MDM, tel +27 11 993 4300.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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