Mining Magazine May 2017 | Page 34

CHIBULUMA MINES
THE CHALLENGE IN COMMODITY In the mining industry , navigating the challenges presented by commodity price cycles is fundamental . Since 2011 , the price of copper has continuously fallen and reached its lowest price in January 2016 .
This led Sikamo to pull together a major restructure program , a fivepoint program that would allow Chibuluma mines to continue to be a successful operation in spite of the difficult commodity cycle . “ We looked very strongly at working to get every operation

IN TERMS OF EFFICIENCY , GOOD GOVERNANCE , STEWARDSHIP AND THE CONTRIBUTION TO THE COMMUNITY , CHIBULUMA STANDS TALL ABOVE ANY OTHER MINE

34 May 2017