Frontier Project |
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Country |
Congo Dem. Rep. of
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Close to |
Ndola |
Status |
PRODUCTION
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Latitude / Longitude |
12 S 36 / 28 E 34 |
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Legends
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Risk and valuation analysis of the Frontier Project |
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Title(s) of the Frontier Project |
| First Quantum Minerals Ltd. Interest: 95% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The Company’s 95% interest in Frontier is held by a subsidiary with the remaining 5% being held by the
government of the DRC. Mining at Frontier is governed by two licences renewed in February of 2006. Each
provides for the exclusive mineral rights to copper and other minerals and is valid for a period of 30 years. A
number of leasehold interests secure access to the surface areas for mining. |
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Location of the Frontier Project |
The Frontier mine is located near the town of Sakania in the DRC, within 2 kms of the Zambian border, and the paved highway that parallels it, roughly equidistant
between the city of Ndola (35 kms) to the southeast and the Mopani smelter at Mufulira. It is also approximately 45 kms from First Quantum's Bwana Mkubwa SX/EW facility. The main railway from the Copperbelt in Zambia to Lubumbashi in the DRC passes within 5 kilometres of the Frontier site.
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History of the Frontier Project |
The Company’s discovery of Frontier resulted from an exploration program following a date review and soil
sampling after the successful discovery and development of Lonshi. The area in which Frontier is located was
explored in the 1930s and the 1970s. A copper occurrence at Frontier was first described by Union Minière in
1932. Companies which have explored this area include Rhodesian Anglo American Limited, Union Minière and a
Japanese group in association with Sodimica. The Company, through its subsidiary Compagnie Minière de Sakania
(“Comisa”), acquired exploration licences in respect of Frontier in January of 2001 and July of 2002.
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Geology of the Frontier Project |
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Mineralization at Frontier is sediment hosted and epigenetic in style. It occurs
higher in the stratigraphy than traditional Copperbelt deposits such as Mufulira
and Nchanga.
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Production history |
Metal | 2010 | 2009 | 2008 | 2007 |
COPPER (lbs) | 104,720,000 | 203,486,667 | 176,810,734 | 19,206,672 |
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Data last updated on : 12/31/2007
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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