Feasibility Study on Lumwana Super Pit Expansion Nears Completion
Wednesday, 11 September 2024, 14:07
Feasibility Study on Lumwana Super Pit Expansion
Barrick Gold Corporation's feasibility study for the Lumwana Super Pit expansion in Zambia is expected to be finalized by the end of the year. This is a pivotal step for Barrick's plans to increase production capacity and optimize operations in one of its key mining sites.
Anticipated Benefits
- Increased Production: Expansion will significantly boost ore output.
- Enhanced Efficiency: Upgrading infrastructure improves operational workflows.
- Job Creation: New construction projects will generate employment opportunities.
Timeline for Expansion
- Completion of Feasibility Study - Year-End
- Approval for Development - Early Next Year
- Construction Start - Mid Year Following Approval
This expansion is more than a construction project; it represents a vital investment in Zambia's mining sector and Barrick’s operational future.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.