Asset report

Baluba copper mine

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Report summary

The accompanying analysis considers the Baluba underground mine and concentrator, which are linked by a 11.5km single flight cable belt conveyor. The mine, previously operated by ZCCM closed in 2000 and was re-opened by Luanshya Copper Mines Plc (LCM) in 2004. A small sulphide reserve is present at Mashiba, approximately 6km to the southwest of Baluba Central. While CNMC has mooted developing an underground mine at Mashiba from 2014, the orebody is reportedly more oxidised than normal as well as having a highly variable thickness. Given the likely mining and processing issues associated with Mashiba, it has not been included in the accompanying analysis.

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