Chibuluma Mines Plc

Chibuluma Mines has a goal to grow a sustainable African-focused base metal mining company that offers opportunities for the development of the country and delivering to shareholders' expectations.

The Chibuluma South underground mine and metallurgical plant were established at a cost of US$11.5 million by South African mid-tier mining company Metorex.

The concentrator and tailings dam accounted for US$7.37 million of the total project cost, with the development of the open pit absorbing US$1.35 million. The development of the underground phase required an estimated US$25-million, part of which came from the early-stage cashflow from the opencast operation.

Concentrate is the first product of the copper production process and is sold directly to a local smelter for refining into copper. Because the metal conducts electricity and heat very well, it is an essential raw material.

Its supply is one of the most important factors for effective energy transition. After processing, the metal can be used for various applications. Applications

• Building wire
• Communications able
• Power distribution cable
• Appliance wire
• Automotive wire
• Cable and magnet wire

Chibuluma Mine's exploration responsibilities are handled by a specialist team within the company. The team provides the company with a wide range of exploration services, covering the design and management of exploration programmes.

The goal is to help the company minimize financial mining risk and giving it an in depth and well defined understanding of the geological region when targeting and developing prospective sites.

Because the mining industry is a continually changing and competitive environment, Chibuluma Mines has developed innovative solutions to deliver optimum project outcomes.

Their team of professionals are some of the most respected in the mining industry and possess expertise in many areas of mining, giving the mine significant benefits through improved mine development planning, operations and costing strategies.