AFRICA

Palabora Mining copper refinery

with the addition of a new processing plant .

Copper is not PMC ’ s only product . Though copper had always been the main revenue earner until three years ago , when it started to earn more from magnetite , an iron ore . Today a greater share of turnover still comes from magnetite . To take advantage of this the company wants to increase its capacity to process magnetite . Two years ago it was processing a little over three million tonnes per annum ( tpa ) of magnetite , says Mahlaole . “ Our target is to increase magnetite production to ten million tpa .” In June 2015 a new magnetite plant was commissioned that will ramp production up to six and eventually ten million tpa .

Internal logistics were also constricting magnetite production , he says . “ We are working on a project that we call the magnetite expansion .

– Maboko Mahlaole , Acting CEO

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