Anvil to Begin Copper Production at DRC Mine Next Year

3 February 2010 (Last Updated February 3rd, 2010 18:30)

Anvil Mining will begin commercial copper production at its Kinsevere copper project in Katanga Province in the Democratic Republic of Congo (DRC) in the second quarter of 2011. The project, with contained acid soluble copper of nearly 690,000t, is currently in Stage II solvent extracti

Anvil Mining will begin commercial copper production at its Kinsevere copper project in Katanga Province in the Democratic Republic of Congo (DRC) in the second quarter of 2011.

The project, with contained acid soluble copper of nearly 690,000t, is currently in Stage II solvent extraction and electrowinning development.

Anvil vice-president for corporate affairs Robert LaValliere said the company will produce 40,000t of copper cathode at the mine in 2011 and will reach 60,000t in 2012, according to Reuters.

"We will then look at expansion and if there will be more resources, then we will expand further," LaValliere said.

"Anvil completed a $200m financing arrangement for the Kinsevere project in 2009 and the mine project was now in an advanced stage of construction.

"Two other Anvil copper projects in the DRC had been placed on hold until Kinsevere reaches full operational capacity and that the company's plan was to finance the projects from proceeds to be earned from Kinsevere mine."

The mine has an operational life of 14 years and an annual peak mill throughput of 1.6 million tonnes.