Project Updates
Neves-Corvo expansion
Credit: Alf Manciagli/Shutterstock
Location: Alentejo district, Portugal
Project type: Underground mine
Reserves: 21.2Mt copper, 22.3Mt zinc
Full production: 2028
Lundin Mining’s Neves-Corvo mine in southern Portugal produces copper, zinc and lead concentrates. An expansion project in development aims to increase zinc mining and processing capacity to 2.5 million tonnes per annum by 2024, with full production expected in 2029.
Wafi-Golpu
Credit: Karel Gallas/Shutterstock
Location: Papua New Guinea
Project type: Underground mine
Reserves: 400 million tonnes
Estimated investment: $2.8bn
The Wafi-Golpu underground mine is being developed by a 50:50 joint venture of Newcrest (now owned by Newmont) and Harmony Gold. The probable reserve is estimated at 400 million tonnes, grading 0.86g/t gold and 1.2% copper as of June 2020.
Cabinda phosphate
Credit: Minbos Resources
Location: Cabinda province, Angola
Project type: Open pit mine
Reserves: 4.72t
Life of mine: 20 years
The Cabinda project is being developed by a joint venture of Minbos Resources (85%) and local partners (15%). It involves the construction of a fertiliser plant in Cabinda, north-west Angola, and mining of the Cacata phosphate deposit, with an estimated initial capital cost of $54.17m.
