|
|
| |
|
|
Nzuri Copper increased Kalongwe project’s economic estimates-2018 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
4/19/2018 有色金属展-Copper exhibition -non-ferrous metals expo |
--------------------------------------------------------------------------------------------------------------- |
|
Nzuri Copper published on April 16, an optimized feasibility study that improved economic estimates for its Kalongwe copper/cobalt project in DR Congo. Although the required initial investment remains at USD 53.12 million compared with the previous estimates, the post-tax net present value increased to USD 130 million. As well, the internal profitability rate increased to 76%. Moreover, the mine lifespan was improved to 8 years from only one year. The company has also lowered the average annual output to 18, 657 tons of copper and 1, 370 tons of cobalt as well as the cost for a pound to 0.85 USD.
According to the CEO Mark Arnesen, these new estimates confirm the company’s projection that the project gets a tremendous potential that can be fully exploited through further expansions funded by the cash flows from the project’s first development stage.
Mr Arnesen also indicated that the results provide a clear roadmap that will help guide the project’s soon-to-begin basic engineering study.
有色金属展-铜材展-2018年广州国际有色金属工业（铜业）展览会
-2018 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
-Non-Ferrous Metal exhibition, 2018
Non-Ferrous Metal exhibition, Non-Ferrous Metal expo, 2018 Non-Ferrous Metal
expo, Copper exhibition, Copper expo, 2018 Copper exhibition, 2018 Copper expo,
China Copper exhibition, China Copper expo
|
|
|
|
|
