Tschudi primed for restart
Care and maintenance in the past
The Tschudi mine holds the potential to rival mining operations in Zambia's copper belt, the Consolidated Copper Corporation CEO said.
The Tschudi copper mine is set to start operations after it came off of care and maintenance, its new operator Consolidated Copper Corporation said.
The company is dedicated to becoming a responsible producer of metals and minerals critical for the creation of clean energy, setting clear goals to minimise its environmental impact and ensuring the participation of local communities and economies, it said.
The processing plant restart has been funded by a US$20 million secured debt facility from Triangle Resource Partners.
According to Consolidated Copper Corporation CEO John Sisay, Tschudi holds the potential to rival mining operations in Zambia's copper belt.
“Tschudi has the potential to rival the great copper mines of the Central African Copper Belt. Yet, the true measure of our success will lie in the benefits experienced by the local community and our contribution to the clean energy value chain.”
Recommissioning the Tschudi processing plant has created 61 new jobs in Namibia, while more than 75% of the budget for this first phase of the mine restart has been spent locally, the corporation noted.
“We are committed to maximising local employment and education opportunities, alongside supporting social initiatives, to improve livelihoods across all of our areas of operation. Demonstrating the Tschudi plant’s full potential to the local economy is our first step. Since its original commissioning, 30 similar refined copper processing plants have been built across the Central African Copper Belt. Now it is Namibia’s time to share in this regional growth story," Sisay said.
The company is dedicated to becoming a responsible producer of metals and minerals critical for the creation of clean energy, setting clear goals to minimise its environmental impact and ensuring the participation of local communities and economies, it said.
The processing plant restart has been funded by a US$20 million secured debt facility from Triangle Resource Partners.
According to Consolidated Copper Corporation CEO John Sisay, Tschudi holds the potential to rival mining operations in Zambia's copper belt.
“Tschudi has the potential to rival the great copper mines of the Central African Copper Belt. Yet, the true measure of our success will lie in the benefits experienced by the local community and our contribution to the clean energy value chain.”
Recommissioning the Tschudi processing plant has created 61 new jobs in Namibia, while more than 75% of the budget for this first phase of the mine restart has been spent locally, the corporation noted.
“We are committed to maximising local employment and education opportunities, alongside supporting social initiatives, to improve livelihoods across all of our areas of operation. Demonstrating the Tschudi plant’s full potential to the local economy is our first step. Since its original commissioning, 30 similar refined copper processing plants have been built across the Central African Copper Belt. Now it is Namibia’s time to share in this regional growth story," Sisay said.
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