September 30, 2006 The smelter began commissioning and is expected to be fully operational during the first half of 2007. During the 2006 year, Mopani (Mufulira and Nkama) produced approximately 135,000 tonnes of finished copper and 1,400 tonnes of cobalt.
April 24, 2002 AIM-listed First Quantum Minerals might be reducing its stake in the troubled Mopani underground copper mine, but it certainly hasn't given up on Zambia and believes that the Zambian copper belt remains largely untapped, reports theminingweb.com. Theminingweb.com reports Clive Newell, the company's chief executive, as saying that the expansion of First Quantum's wholly-owned Bwana Mkubwa mine in Zambia will be completed by August, which should quickly move annual copper output there up from 10,000 to 30,000 tons, at an estimated cost of only 30 cents a pound, net of credits, among the world's lowest. Earlier this week, Quantum announced that it had finalized a restructured agreement with privately-owned Swiss-based trading group Glencore to reduce its interest in Carlisa Investments Corp. whose principal asset is a 90% interest in Mopani Copper Mines in exchange for releasing the the company from any ongoing commitment to provide funding to Mopani, including an obligation to repay USD21.84 million.