Friday, December 5, 2008

Munali mining project in Zambia purchases used mining equipment for sale to boost production


The Munali project sitting about 60km south of Lusaka in southern Zambia is a very promising project with an estimated production of 10,000–10,500t of nickel, 1,650t of copper, more than 480t of cobalt and 18,000oz of PGM by early 2009 after the purchase of used mining equipment for sale by contractors to boost productivity.

It is wholly owned by Australian company Albidon Ltd, and currently consists of two deposits - Enterprise, also known as Munali Phase 1, and Voyager. Although it is billed as a nickel project, Munali also contains commercial quantities of copper, cobalt and platinum group metals (PGMs).

Development began in September 2006 following a positive feasibility study and gaining the necessary government permits and approvals. Production of ore for the ten-year project started in March 2008, with first concentrate being processed for stockpiling in late June 2008.

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