Metorex ( Pty ) Ltd
Mining
Copper and Cobalt The Ruashi mine employs 2,500 people and currently produces 38,000 tonnes of copper cathode and 4,400 tonnes of cobalt a year .
“ There are plans to take the copper production up to between 45,000 and 50,000 tonnes a year as we de-bottle neck the process plant ,” explained Benfield .
Over and above the two existing operating mines , Metorex has three major projects in the pipeline including its new Kinsenda mine where it has embarked on an investment of $ 322 million to develop the mine and build a process plant to bring into operation in late 2015 .
The Kinsenda Project currently ranks as one of the world ’ s highest grade copper deposits with
Ore is conveyored for inspection
Key Personnel
Michael Benfield
BCom , BAcc , CA ( SA )
Chief Financial Officer
Mike joined Metorex on June 1 , 2012 having previously been the CFO of Bateman Engineering NV since May 2010 . He was previously the CFO of the Mineral Recovery Division of Bateman , a position he held for over two years . During this period he became very involved in the operations of the Group ’ s mineral processing plants . He has held senior financial management positions with Ster-Kinekor , Investec Bank and Super Group .
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