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Munali’s cobalt stockpile for China

The box cut at
Albidon’s Munali
nickel project
in Zambia
Lusaka, Zambia — MININGREVIEW.COM — 15 September 2008 – Zambia’s sole nickel mine – the US$100 million (R750 million) Munali mine in the south of the country – has been stockpiling nickel and cobalt concentrate which is to be exported to China before the end of 2008.

Reporting from the Zambian capital, Reuters quoted Australian-based Albidon Limited – owners of the Munali nickel mine – as saying that it has stockpiled a total of 134 662 tonnes of ore so far. “A stockpile of nickel-copper-cobalt-PGM concentrate is being built for ex-works sale to the Jinchuan Group (of China),” Albidon confirmed.

The company also announced that its board had approved existing plans to raise the capacity of the Munali concentrator by a third from 900 000 to 1.2 million tonnes per year in a bid to produce a targeted 10 000 tonnes of nickel per annum.

“The focus at Munali – which started underground ore production in January this year – is now to increase production to full capacity in early 2009”, the company revealed. It also plans to produce 1 400 tonnes of copper, 400 tonnes of cobalt and 15 000 ounces of platinum group metals (PGM) per year at the mine.