On the evening of November 29, Zijin Mining announced that Zijin Mining Group Co., Ltd. and the Ivanhoe Mining Company (Ivanhoe Minerals Limited) and the government of Congo (DRC) in the Kamchatka-Kamula copper mine project, Recently completed a preliminary economic assessment ("PEA") with potential for production expansion. The feasibility study of Chinese standards is jointly undertaken by China Enfei Engineering Technology Co., Ltd. and Xiamen Zijin Engineering Design Co., Ltd. and will be completed by the end of this year.
Based on the status quo of copper resources, the Preliminary Economic Assessment (PEA) analyzed and evaluated a two-phase, modular production and development program that processes 12 million tons of ore each year. The ore consists of two adjacent 6 million tonnes Mining area supply. The assessment showed that the NPV of 8% discount rate was $ 7.2 billion, the internal rate of return (IRR) 33% and the service life of 44 years.
As the first mining area, Karakula annual production of 6 million tons of ore development and construction budget of 1.2 billion. Post-mining capacity improvement and smelter construction are under study. The average copper grade in the first 10 years of the khakula ore section reached 6.4% and the cash cost of stope was 0.51 USD / lb.
