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Metorex, a unit of Chinese mining group Jinchuan, has started working to bring the Kinsenda copper mine in the Democratic Republic of Congo (DRC) back into production within the next two years.
Peter Deneen, Jinchuan Group international senior vice president, told Metal Bulletin last week on the sidelines of the African Copper III Conference in Lusaka that Kinsenda would be operational by 2015.
Kinsenda, an underground operation which was last mined decades ago, requires a $311 million investment to restart operations.
Metorex will finance the bulk of the capital requirements for the mine, which is expected to produce 26,000 tpy of copper in concentrate.
This will add to the output of 35,000 tpy of copper in concentrate from its flagship operation Ruashi mine and 20,000 tpy...