Caledonia Mining Corporation Nama Copper/Cobalt Exploration Project, Zambia: Summary of Results of the 2011 Exploration Programme and Outline of the 2012 Exploration Programme -
has inaugurated a new US$100 million concentrator at its Nchanga open cut Vedata copper mine -
The copper cathode - REC brand is a Grade A from the refinery at Nkana and is listed on the London Metal Exchange.
The KBC product is a Grade A product from the Tailings Leach Plant tank houses in Chingola, undergoing LME registration.KCM's copper cathodes from the Nchanga smelter and produced from the Nkana refinery have a purity level of 99.99 per cent copper. These cathodes meet international quality standards and are registered as "REC" ("A" Grade) on the London Metal Exchange ("LME"). Konkola Copper Mines KCM also produces a Kabundi copper cathode, which is marketed as "KBC" from its TLP at Nchanga and is in the process of being registered with the LME.
Cobalt -
With the commissioning of KCM's new Nchanga smelter, KCM Konkola Copper Mines is able to recover cobalt in copper concentrates. This cobalt, which is produced in the form of a copper-cobalt alloy, is marketed to cobalt processing plants. In addition to cobalt alloy, the Company produces cobalt. Cobalt concentrate is derived from cobalt ore that is mined at Konkola Copper Mines KCM's Nchanga Open-Pit Cut II operations.
Caledonia reveals exciting new aspect at Nama project - 12 March 2012 | 10:00am StockMarketWire.com -
Caledonia Mining has revealed a new and very exciting aspect to the Nama copper/cobalt project in Zambia.
It said the latest drilling results differed markedly in mineralisation style to other properties in the region in that the zone.
It says this zone of mineralisation occurs at relatively shallow depth relative to the depth of the ore shale in the area and possibly extends to surface.
Chief executive and president Stefan Hayden said: "A sufficiently large, near-surface resource depth may therefore provide the basis for a future open-pit mining operation.
"The 2012 exploration programme will commence as soon as the rains and ground condition allow during the second quarter.
"The results should allow us to confirm and further refine our model of Nama's geology and copper resources potential."
Caledonia has sufficient cash to complete the 2012 exploration programme and intends to manage its cash resources so that it can undertake further work at Nama without raising new equity.
At 10:00am: (LON:CMCL) share price was +0.25p at 7.75p
dd..... Caledonia Mining's Blanket Gold Mine producing Gold 40,000oz/year - target Au 100,000 ounces - low production cost Gold @ Au $583/oz - NO DEBT - owns many great old gold mines workings to expand to and re-commission - dd....CALVF Gold Mine producer bargain play - with many massive Gold fields to reactivate -
Gold prices jump to 2-1/2 month highs Posted on August 21, 2012 by (Reuters) News
21-Aug (Reuters) — Gold prices hit their highest since June 6 on Tuesday as the dollar slid to a six-week low against a currency basket and stock markets rallied, while platinum hit 3-1/2 month highs -
A breach of chart resistance for gold at $1,630 an ounce, which has held it in check since early June, sparked further technically driven buying, dealers said, fuelling momentum.
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