DEMOCRATIC REPUBLIC OF CONGO – The US$850 million phase 2 expansion at the Tenke Fungurume copper and cobalt mine is on track for completion in 2013. Copper cathode production will rise to 195,000 t/y, and cobalt hydroxide output will be 15,000 t/y.
The Tenke Fungurume project is 56% owned and operated by Freeport-McMoRan Copper and Gold of Phoenix, AZ. Toronto’s Lundin Mining holds a 24% share and Gecamines holds the remaining 20%.
Lundin reports that major items of mining equipment have arrived on site and construction of the expanded solvent extraction and electro-winning (SX/EW) facilities are well advanced. Proven and Probable mineral reserves at Tenke are 155.7 million tonnes grading 2.8% Cu and 0.3% Co. Measured and indicated resources are 496.4 tonnes at 2.6% Cu and 0.3% Co. Drilling, exploration and metallurgical testing continue to evaluate the potential of the highly prospective district near the mine, and future expansions are possible.
Quarterly updates about Tenke Fungurume operations are posted at LundinMining.com.