Zambian mine stops cobalt production
- Publishing Date
- 15 Dec 2008 11:30am GMT
- Author
- Mining Journal
Zambia's largest cobalt producer Chambishi Metals plc has stopped production of the metal because lower copper and cobalt prices mean it is not viable, the southern African country's mines minister said.
However, Maxwell Mwale said the government was assessing options to ensure the troubled Luanshya copper mine does not shut its underground Baluba copper mine and will provide fresh investment to shore up the company.
"The smelter at Chambishi has been shut down because the high costs of production are not economical at the current copper and cobalt prices, but underground operations at Luanshya mine have continued and as government we want this to continue," Mr Mwale said.
LCM operates Chambishi as well as the Baluba copper mine.
ALSO IN THE ARCHIVE...
More News By Subject
Site Search
Log in
-
Features
-
Editor's Comment
Geologists- Senior and Junior Positions
Gryphon Minerals is aggressively growing its world class Banfora Gold Project in Burkina Faso, West Africa.
Mining and Metals Opportunities - Hatch
Mining and Metals Opportunities in London and Globally: Senior and junior roles.
Minerals Geoscientist Vacancy - Neftex
Do you want to help develop the world’s most detailed commercially-available 4D Earth Model to support the mining majors?
Opportunities for Senior & Principal Level Consultants - SRK
Professionals needed for central Moscow office.
Senior Hydrogeologist - Schlumberger
We need you in Australia or Canada
Mining Journal is looking to employ a full-time member of staff in British Columbia
Comments