Konkola North, the second-largest known resource in the Zambian copperbelt -
Zambia is famous for its significant reserves of copper and cobalt, located in the Zambian Copperbelt province, however, the country is also a miner and producer of selenium and silver. Gold, platinum, and palladium are also produced as a by-product of copper mining.
In 2001, the first full year mining operated as a privatised industry, Zambia recorded its first year of increased productivity since 1973. Further, surging copper prices from 2004 to the present day has rapidly rekindled international interest in Zambia’s copper sector.
Mining Weekly takes a look at some of the flagship projects in the landlocked country.
Caledonia Mining Corporation - ("Caledonia") (TSX: CAL, NASDAQ-OTCBB: CALVF and AIM: CMCL) is pleased to announce the signing of a cobalt off-take agreement with a large Chinese refiner. Under the terms of the agreement, Caledonia will supply a minimum of 21,000 tonnes of cobalt metal equivalent in the form of cobalt hydroxide from its Nama Cobalt Project over the next six years. The agreement specifies that the price shall be based on the published monthly average for 99..3% cobalt from the London Metal Exchange, and contains a guaranteed "Take or Pay" minimum cobalt price of US$12/lb of cobalt metal. The agreement is renewable.
Caledonia Mining Corp (CAL) Key Statistics for CALVF/CAL - talk about GOLD bargain -
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