RE: MACRO - COPPER7 Jan 2024 10:22
Minesite London by Alastair Ford (September 25, 2008)
"Nonetheless, Kiwara shares haven't spiked because of Colin's promotional abilities. These are not markets that respond well to froth and empty rhetoric. What Kiwara really owes to Colin is his vision in putting the company on the ground in north-west Zambia, which, he says, is a region that may one day replace the established Copperbelt to the east as the key mining area in Zambia. Less than 40 kilometres away from Kiwara's properties, Equinox have already got the ball rolling at the Lumwana copper project, which is currently working through the last of a few teething issues before commissioning can be completed next year.
The northwest of Zambia has been recognised as prospective for many a year. The way Colin tells it, though, the occurrences and grades were there, but the grades were nevertheless on the lower side of attractive, and, which was more of a project killer back in the day, there was no ability to handle oxides and transitional metals. "Paradoxically", says Colin, "that's now what we want".
From a personal perspective, whereas GLR is my biggest holding in the region, I have shares across various companies. I hope there will be many large discoveries and the geology suggests that imho.