Chinese consortium to begin work on Ugandan copper mine

mine-iamgold-wikimediacommonsThe Kilembe Mines in southwestern Uganda are rich in copper and cobalt deposits. (Image source: Iamgold/Wikimedia Commons)China’s Tibet-Hima Industries Consortium is set to begin copper mining at the Kilembe Mines in Uganda in May 2015

The consortium took over operations of the mine from Kilembe Mines Limited in 2013 and since, has been executing technical work on the mines, according to project officials. The Chinese consortium had also committed to invest US$175mn towards the rehabilitation of the mine and upgrade a power plant to assist mine operations.

The mines are rich in copper and cobalt, but production had been halted from 1982. The Chinese consortium would work towards replacing old machines left behind in 1970, and install newer machines with a lifespan of atleast 30 years.

In addition, project officials also confirmed that roads and tunnels leading to the mines would be renovated at an estimated cost of US$1mn.

Aside from Tibet-Hima Industries Consortium, other companies expressed interest in reviving the Kilembe mines such as Gingko Energy Investments Company of China, Sino-Steel Limited (China) Konkola Copper Mines (Zambia), and Shree Minerals of Australia.

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