CUPRIC AFRICA
front end engineering in advance of the construction phase , which will begin in the second half of 2017 .
“ Proceeds from the term loan will enable us to continue development work at Khoemacau as we prepare to begin full scale construction of the Starter Project in the second half of 2017 ,” says Dennis Bartlett , Cupric ’ s Chief Executive Officer . “ All design , engineering and permitting work is progressing well and on schedule , bolstering our confidence that production will commence in 2019 .”
The project , upon completion , could stand as the most attractive new copper project , not just in Africa .
“ We continue to believe that Zone 5 , combined with the expansion potential offered by the other deposits within our license areas , represents perhaps the most attractive new copper project in the world today , with the potential to ultimately achieve copper production in excess of 120,000 tonnes per annum ,” he says .
As a firm commitment to focusing on bringing about the project and realising that low cost high-grade operation , Cupric has brought in a Head of African Operations .
Johan Ferreira , Head of African Operations and Managing Director of Khoemacau Copper Mining , has
He brings the underground mining expertise necessary to transition the project from studies to mine development and operations
Dennis Bartlett , Cupric ’ s Chief Executive Officer , on the appointment of Johan Ferreira
44 August 2017