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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Ivanhoe concludes Kipushi PFS, embarks on DFS
    TSX-listed Ivanhoe Mines has outlined the “outstanding” findings of a prefeasibility study (PFS) to revive the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo. The PFS, undertaken to refine the findings of the 2016 preliminary economic assessment (PEA) and optimise the mine’s redevelopment schedule, highlights a redevelopment plan to bring Kipushi’s Big Zinc Zone into production in less than two years. The mine will have an estimated average production rate of 381 000 t/y zinc concentrate over an 11-year initial mine life at a total cash cost of $0.48/lb of zinc.
  • Ortac increases stake in Casa to 84.7%
    Aim-listed Ortac Resources has increased its interest in African gold developer Casa Mining from 45% to 84.7%. The company in November offered to acquire 100% of Casa through the issue of 100-million new ordinary shares.
  • Moody’s sees stable year ahead for base metals, but also expects some risk factors
    Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of increased economic activity, supply disruptions, Chinese stimulus and curtailments in aluminum contributing to an improved supply/demand balance.