LUBAMBE COPPER MINE REVEALS PLANS TO ADDRESS LOW PRODUCTIVITY AND HIGH OPERATING COSTS

By Tinkerbel Mwila

Lubambe Copper Mine Limited has disclosed plans to address low productivity and high operating costs in order to address the financial impact of its production performance.

According to the recently released 8th edition of the eagle magazine covering the period July to December 2021, the mine disclosed that its copper production performance in 2021 was significantly lower than planned, leading to a major impact on its financial position.

Lubambe Coppermine Chief Executive Officer and managing director Tim Duffy says the mine

produced 1,462 tonnes of copper in 2021 compared to 1,486 tonnes in 2020 reflecting a decrease of 1% lower copper tonnes.

Mr. Duffy however assured that in 2022, the mine will address the challenges through a business improvement program especially that the mine has identified that its current performance is not sustainable.

He adds that the mine will in future consider a different mining method in the flatter dipping areas that would among other things target a higher grade by reducing waste dilution.

PHOENIX NEWS

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