MMG’s Kinsevere mine continued to perform strongly during the second quarter of 2014, culminating in the achievement of half year records for processing, production and sales.
Kinsevere produced 33 550 t of copper cathode during the first half of 2014 – an increase of 3,782 tonnes or 13% compared to the same period in 2013.
Production at Kinsevere, which is located in the Democratic Republic of Congo (DRC), was assisted by increased mining and milling rates as well as higher copper feed grades.
Reliance on higher cost diesel-generated electricity also reduced during the first half of 2014, falling to approximately 40% from approximately 57% during the same period in 2013.
Kinsevere General Manager Miles Naude said that this reduction was largely due to the availability of additional power from Zambia, which borders the DRC. Local grid-sourced power is often augmented with power from neighbouring countries.
“Higher rainfall during the wet season enabled increased power generation at Zambia’s hydro-electricity plant, providing MMG with greater access to grid-sourced electricity.”
Mr Naude said that MMG was continuing to work with suppliers regarding future availability of cheaper, grid-sourced power.
“Discussions between domestic and neighbouring country power providers are continuing, with the aim of ensuring the availability of grid-sourced electricity in the medium and long-term.”
MMG has also updated 2014 production guidance for Kinsevere to 63 000 to 66 000 t of copper cathode.
MMG released its 2013 Sustainability Report during the second quarter. The report outlines MMG’s approach and performance in regards to safety, health, the environment, community development and sustaining its economic performance.
Mr Naude said the report, the company’s fifth, also highlighted some of Kinsevere’s many social development initiatives.
“We have a vibrant social development program at Kinsevere, with a focus on supporting agricultural development, education, health and wellbeing and business and infrastructure development.
“I was pleased to see a number of Kinsevere’s successful social development initiatives, many of which are continuing in 2014, profiled in the report.”
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