Caledonia Mining Corp.'s drills are turning at Nama Great Copper and Cobalt Project Nama Group of Licences, Zambia -
Exploration activities by Caledonia at Nama during 2010 resulted in the definition of two resource target areas ("Konkola East" and "Kafwira") characterized as belonging to the Ore Shale-hosted copper-cobalt style of mineralization.
These targets will be investigated further during the 2011 exploration field season, including a drilling program of diamond drill-holes to confirm the existence of Copperbelt stratigraphy within the two target areas.
Drilling of the first of four holes at the Konkola East target
area commenced in early March 2011 and the results of this
E.g.,,,, China, Zambia Sign a $600 Million Copper Waste Pact (Bloomberg) Updated: 2010-04-14 09:38 Counter:264
China Nonferrous Metals Co. Ltd. and Zambia Copper Mines Investment Holdings signed an agreement to extract copper from mine waste at the African nation's Mufulira tailings dam project.
The Chinese company may invest as much as $600 million in the project, situated north of the capital, Lusaka, Luo Tao, chairman of the Chinese company, said yesterday. The investment depends on feasibility studies to be conducted at a cost of about $5 million, he said.
Zambia is Africa's largest copper producer. The nation's output of the metal rose from 576,400 metric tons in 2008 to 667,173 tons last year, according to Mines Minister Maxwell Mwale. Zambia is targeting copper production of 1 million tons within the next five years, the minister has said.
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CAL's Blanket Gold Mines commenced the production ramp-up to the targeted annualized rate of 60,000 ounces of gold by the end of 2011
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