Keep a close watch on TSX-listed, DRC-focused copper company Mawson West. The company is evolving rapidly as its status shifts gear from small-scale junior to mid-tier miner – ramping up toward the 30 000 tpa copper mark in 2015 and 40 000 tpa from 2016 onwards, writes Laura Cornish.
Mawson West has been growing from strength to strength since its CEO Bruce McFadzean joined the company 18 months ago. Not only did the company deliver a stellar 2013 year thanks to the US$86 million in free cash generated from opencast mining at its primary asset Dikulushi, but it is also continuing this trend as it brings its second mining operation, Kapulo, on stream. Both projects, formerly owned by Anvil Mining, are located in the DRC’s Katanga province. “Combined, we own about 7 300 km2 of tenement area between both properties, covering the northern end of Lake Mweru right down to the southern end of Lake Mweru on the Congo side,” McFadzean starts.