Media monitor

摘要

Ivanplats has begun a revised development study for its Kamoa copper discovery on the Central African Copperbelt in the DRC. The company is proposing two stages of development, with the first phase targeting concentrate production from the high-grade shallow underground resources, and the second entailing a major expansion of the mine and mill, and construction of a large smelter, supported by the full extent of the resources. An updated preliminary economic assessment is expected to be finished in the last quarter of this year, with the full study to be completed in the second half of 2014. Ivanplats executive chairman Robert Friedland said that the revised scenario was aimed at delivering the best balance of a lower initial capital cost and shortest time to first production, while maintaining the company's commitment toward a major mine, mill, and smelting operation.