Zambia’s Mopani Copper Mines set to double output in the next half-decade

Mopani Copper Mines to double product in the next five years [Image: courtesy]
Zambia—One of the key copper processing companies in Zambia, Mopani Copper Mines PLC, is on the move to grow its production from the current 100,000 tons of copper annually to its full capacity of 225,000 tons of copper per year within the next half a decade.

According to Charles Sakanya, the organization’s CEO the mine also plans to look at the viability of some dumps within its properties to extract an extra 50,000 tons of copper in an effort to maximize production towards the government’s target of 3 million tons annually in the next decade.

He noted that with the $111 million new synclinoria replacing the 1932 concentrator, the mine has the capacity to reach its full production in 3 to 5 years but will need another concentrator to double its production.

Sakanya said that the mine is currently on a path to borrow $300 million from a financier, $14 million of which is already sourced in 2021.

He further noted that the mine still has 129 million tones in reserves, of which 106 million is at Nkana and 23 million at Mufulira.