INVESTMENT

Barrick invests $2B in Zambia mine expansion

Barrick announced it is investing almost $2 billion in expanding the Lumwana copper mine in Zambia. Production is estimated to increase to 240,000tpa from a 50Mtpa process plant over a 36-year lifespan.

Production is estimated to increase to 240,000tpa from a 50Mtpa process plant over a 36-year lifespan.

Production is estimated to increase to 240,000tpa from a 50Mtpa process plant over a 36-year lifespan.

The expansion will elevate the "once-unprofitable operation into the front rank of copper producers," according to Barrick. Barrick said that since the miner took over operations in 2019, the mine has...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.