Core Viewpoint - Minmetals Resources (01208) has approved the feasibility study for the significant expansion project at the Khoemacau copper mine in Botswana and has officially commenced construction [1] Group 1: Project Details - The project aims to increase annual production capacity to 130,000 tons of copper concentrate and over 4 million ounces of associated silver [1] - The expansion will involve extending the mining area to the northern part of Zone 5, as well as the Mango and Zeta northeast deposits, and constructing a new processing plant with an annual capacity of 4.5 million tons [1] - The total capital expenditure for the project is estimated at approximately $900 million, including related expenditures before 2026 [1] Group 2: Production and Cost Projections - The expansion is expected to enhance the total processing capacity of the mine to over 8 million tons per year [1] - The first batch of copper concentrate is anticipated to be produced in the first half of 2028 [1] - The average C1 cost over the mine's life is projected to be optimized to below $1.60 per pound, a significant reduction from the actual C1 cost of $2.05 per pound recorded for the six months ending June 30, 2025 [1] Group 3: Future Outlook - The Khoemacau mining area has identified further expansion potential through ongoing exploration activities, with annual production capacity expected to increase to 200,000 tons of copper [1] - The company plans to initiate a pre-feasibility study for the next phase of expansion in 2026 [1]
五矿资源：KHOEMACAU扩建项目获批