HomeBase MetalsChambishi Metals resumes cobalt production

Chambishi Metals resumes cobalt production

Chambishi Metals,
which resumed production
last week
Lusaka, Zambia — MININGREVIEW.COM — 9 November 2009 – Zambia’s largest cobalt producer “’ Chambishi Metals plc “’ has resumed cobalt production after suppliers in the Democratic Republic of Congo (DRC) began delivering the cobalt concentrates needed to re-start output.

“We finally re-started the processing of cobalt concentrates late last week, and we have employed about 300 workers,” CEO Derek Webbstock told Reuters.

Operations at Chambishi were suspended last December and placed on care and maintenance due to losses the company had suffered in the global economic slowdown.

The resumption of output at the plant had already been held back several times. Chambishi had forecast output at 3 400 tonnes of cobalt in 2009 from 2 500 tonnes in 2008, before it had been compelled to suspend operations.

Webbstock said the company would start processing copper concentrates after China Nonferrous Metals Mining Corporation (CNMC) unit, Luanshya Copper Mines (LCM), had re-started output. Chambishi had forecast B-grade copper output of 20 000 tonnes in 2009.

Chambishi “’ which was previously owned by LCM, a joint venture of Bein Stein Group Resources (BSGR) and International Mineral Resources (IMR) “’ is now owned by Enya Holdings of the United Kingdom.