Mingomba discovery highlights value of Konkola West by proximity
Aim-listed Tertiary Minerals has highlighted the promise of its Konkola West copper project, in Zambia, thanks to its close proximity to the Bill Gates and Jeff Bezos-backed KoBold Metals’ Mingomba copper project, which has been in the news over the past few days following the proclamation that it will become one of the world's top three high-grade copper mines.
KoBold has reported plans to start producing copper at the $2-billion Mingomba project by the early 2030s, exploiting what it claims is the largest copper discovery in Zambia in more than a century.
This bodes well for Tertiary, since the Mingomba project is located only about 2 km northeast of the company’s Konkola West project, where KoBold has also signed a definitive earn-in agreement.
As announced on December 19, subject to government approvals, KoBold is planning to drill test the projected down dip extensions to the copper ore shale that hosts its new discovery. This same formation is also mined at the adjacent Konkola copper mine, where Vedanta is currently committed to investing about $1-billion to expand production.
Tertiary has noted that KoBold has committed to drilling at least two deep drill holes for at least 2 000 m of drilling at Konkola West in the coming months.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation