Cape Town, South Africa — MININGREVIEW.COM — 05 February 2010 – Anvil Mining “’ a leading copper producer in the Democratic Republic of Congo (DRC) “’ says it plans to start producing 40 000 tonnes of copper at its Kinsevere mine next year, before increasing output to 60 000 tonnes by 2012.
Revealing this on the sidelines of the Mining Indaba conference here, Anvil vice president for corporate affairs Robert LaValliere said the company’s two other smaller copper units, Dikulushi and Mutushi “’ which had been placed under care and maintenance following the global financial crisis “’ would remain suspended until Kinsevere reached full operational capacity.
“Our intention is to produce 40 000 tonnes of copper cathode at Kinsevere next year and we will reach 60 000 tonnes in 2012. We will then look at expansion, and if there are more resources we will expand further,” he told Reuters.
LaValliere said Anvil had completed a US$200 million (R1.5 billion) financing arrangement for the Kinsevere project in 2009, and the mine project was now at an advanced stage of construction.
He explained that once the Kinsevere project reached full operational capacity, the company’s plan was to finance the re-start of Dikulushi and Mutushi from proceeds to be earned from Kinsevere.