COPPER (Cu) PRODUCERS

[NYBob]

Caledonia Mining president and chief executive officer Stefan Hayden
said the agreement marked an important milestone for Caledonia
as the company commenced with the development of Nama project.

History often repeat itself and
CALVF past history -

“In the context of NAMA cobalt, this contract
represents substantial value and confirms
Caledonia's potential for Nama, which
I expect will prove to be one of the
world's largest primary cobalt deposits -

Caledonia Mining seals cobalt refinery deal with Chinese firm -

CALEDONIA Mining has announced that it has signed a six-year
off-take agreement with a large Chinese refiner
for establishment of a cobalt refinery
at the company’s Nama project.

Nama Cobalt Project is a wholly owned subsidiary of
Caledonia and it is located north west of
Konkola Copper Mine and adjoins the extensive
holdings of
Teal Mining and Exploration Limited near Chililabombwe.

The announcement was made in a statement
released in Lusaka
by the Toronto based mining giant.

The statement did not however disclose
the name of Chinese company.
At the Nama Project, Caledonia plans to commence mining
using open pit mining methods,
pre-concentration and
conventional cobalt extractive technology.

“Negotiations on further agreements with refiners continue.
With rising demand from China, India and America,
we believe the fundamentals for cobalt
remains robust in the near-term."

Caledonia is proceeding with detailed mine planning and
is targeting commencement of production at an expected
annual production level of 10,000 tonnes of cobalt metal.

An internal feasibility study had estimated
production costs below US $10 per pound.
Note. also sdd its copper Cu etc. in the CALVF
NAMA shallow open pit Ore.

Cobalt mine to open in June
Written by

By KALONDENYATI

http://www.daily-mail.co.zm/index.php?option=com_k2&view=item&id=2129:cobalt-mine-to-open-in-june&Itemid=188