RE: Good article29 Aug 2024 16:52
this is the part about jlp:
“ jubilee’s approach is similar, although it also gets copper from tailings and mining operations in its new zambia network. chief executive leon coetzer says there is a vast amount of opportunity just in his neck of the woods in southern africa.
coetzer says zambia is a perfect place to get this second-hand copper because of the number of old mines. “you can build a 100,000 tonne-per-annum copper company off the alternative copper sources, just in zambia,” he said.
major investors are backing this approach. emirati investment vehicle irh has signed a joint venture agreement with jubilee to design a project to extract around 90,000 tonnes of copper from a 13mn-tonne **** heap at zambia's mopani mine. irh has a 51 per cent stake in mopani, the former glencore (glen) mine and copper treatment operation, which it bought for $1.1bn (£830mn) earlier this year.
asked about interest from the majors in the retreatment technology in which he specialises, coetzer is bullish. “i personally think that there is maybe a year or two [until the major miners] realise, because the one thing that has not been demonstrated yet is the scale at which this can be executed, which actually is to our advantage,” he says.
the barrier to entry is getting processing exactly right, given the material grades are lower because it has already been processed or removed as overburden at a previous mine. jubilee reported 1,000 tonnes of copper production in the june quarter, while a new concentrator unit that came online this month will increase capacity further. guidance for the 2025 financial year, ending 30 june, is for 5,750-7,500 tonnes. ”
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