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Due to popular demand we are reposting The Hidden Secrets Of Lumwana post …

classy-daddy-3.gifLumwana comes with a lot of serious hidden secrets … despite having been discovered over 70 years ago, it was not fully developed. But why?? Because at the time of discovery, it was learnt that its ore’s copper content was lower than the best grade available in other regions such as those on the Copperbelt.

Initial metallurgical studies were mainly focused just on copper and no other mineral contents were premeditated. The Ministry of Mines carried other tests with the help of students from the School of Mines at UNZA in the late 80’s and new discoveries were found … it was this group that issued new metallurgical maps for Zambia showing new mineral reserves around the nation.

The study showed that Lumwana is a multi-element deposit with significant gold, cobalt and uranium grades distributed throughout the deposit but the government was too broke to pursue the project due to the ongoing Structural Adjustment Program (SAP) imposed by the World Bank and International Monetary Fund at the time.

So, what we have at Lumwana is a total hidden package with just as much copper, as much gold, as much cobalt, and as much uranium – this has been the serious hidden secret of the hidden treasures that lie under the soils of Lumwana making it the world’s largest undeveloped deposits with a 321Mt ore reserve grading at 0.73% Cu and 0.093% U308.

This means that once commissioning is completed in mid-2008, Lumwana will be well on its way to becoming the largest copper, gold, cobalt and uranium producing mine in Africa. As we unearth for copper, we would have the benefit of doing the same for gold, cobalt and uranium.

This excavation process provides for maximum utility as the economies of scales are exploited to the fullest extent because we would dig for the price of one but sell for the price of four. As we yank out one stone from the ground, we produce four products from it … it can’t get any better than that!!!

If my memory serves me right, Equinox holds mineral rights for copper and uranium but they should be allowed to extend those to gold and cobalt that way the ore’s extraction may yield the largest benefit. These secretly hidden treasures at Lumwana have the capacity to attrack over a billion dollars ($1 billion) in Foreign Direct Investment (FDI) for the Zambian Enterprise … thanks a trillion.

Brainwave R Mumba, Sr.

CEO & President – Zambian Chronicle

Copyrights © 2007 Zambian Chronicle. All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc.

Copyrights © 2007 Microplus Holdings Int., Inc.

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classy-daddy-3.gifThe Munali Nickel-Platinum project has been assigned at 100% to Albidon Limited traded at the London Stock Exchange which successfully listed on the Alternative Investment Market (AIM) and ASX with an initial capitalization offer that raised over $15 million dollars for full prospecting purposes almost three years ago. 

This deposit is a member of the gabbroid-hosted class of nickel sulphide deposit with a considerable “platinum” component in it. This high grade allows Munali if fully mineralized to be the first platinum mine for the Zambian Enterprise. 

It means that as Albidon carries out their mining franchise activities in Munali for Nickel, platinum will also come along. Strong electromagnetic conductor targets in the western portion of the Munali structure have already yield some very positive domino effects. 

It is therefore up to the ministry of Mines and Mineral Development to get on this ball as quickly as possible and work with Albidon in order to materialize this venture as well as operationalize it as quickly as possible. 

Platinum demand around the world is at an all time high as expectations that global demand for platinum will exceed supply will underpin value going forward, analysts say, even if near-term prices ease as labor tensions recede.

Anglo Platinum is the latest South African producer to slash its 2007 production forecast, with output seen down by some 8%, or around 250,000 ounces, as a result of labor and health and safety concerns.

Last month, Lonmin PLC, the world’s No. 3 producer, said it will defer between 70,000 and 80,000 ounces of platinum sales to 2008, while Aquarius Platinum logged some lost production as a result of a five-day strike in their country of operations.

The sooner this Munali project is mineralized for the benefit of the Zambian Enterprise, the better but with Albidon having operations in as many countries as Botswana, Tanzania, Tunisia and Malawi apart from ours, they may as well end up shaving our prospect as they look at other already operating ventures for maximum profits …

The president (HE Levy P Mwanawasa, SC) recently said that the ministry of Mines and Mineral Development will soon start revolking prospecting licenses under what he called a “use it or lose it policy”; but we are yet to see any such action taken thus far; other serious investors are still out there … thanks a trillion.

Brainwave R Mumba, Sr. 

CEO & President – Zambian Chronicle 

Copyrights © 2007 Zambian Chronicle.  All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc. 

Copyrights © 2007 Microplus Holdings Int., Inc.

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An independent feasibility study conducted by Equinox this year reveals that Zambian uranium at Lumwana is actually of a higher grade that was initially conceived. This is according to a new press report issued in Canada on Tuesday.  

Mr. Craig Williams, CEO & President of Equinox, disclosed that the drilling program currently underway appears to be defining discrete and coherent mineralized zones with significant uranium grades at Malundwe.  

Lumwana’s uranium resources have previously been estimated at 9,5-million tons grading 0,093% U3O8 indicated, and 2,6-million tons of 0,042% U3O8 inferred, using a 0,01% uranium cut-off grade but now have to be revised upwards once the study which started in April is completed …  

The press release is just another confirmation of what the Zambian Chronicle published last week in our article Hidden Secrets of Lumwana – World’s Largest Undeveloped Deposits (Copper, Gold, Cobalt & Uranium) The Lumwana Project is a mammoth $715 million undertaking. 

In another related report, shares of Equinox for the Lumwana Project were the most traded at the Toronto Stock Exchange for business day dated July 24, 2007. Momentum is building as investors all around the world are currently looking at having a piece of the pie.  

Meanwhile, Mr. Williams further disclosed that five of the world largest mining corporations have been making attempts for hostile take over of Equinox. Knowing how powerful these corporations are, Equinox may not resist their attempts forever but as of right now, his team is focused on making Lumwana a reality … thanks a trillion.

Brainwave R Mumba, Sr.

CEO & President – Zambian Chronicle

Copyrights © 2007 Zambian Chronicle. All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc.

Copyrights © 2007 Microplus Holdings Int., Inc. 

classy-daddy-3.gifLumwana comes with a lot of serious hidden secrets … despite having been discovered over 70 years ago, it was not fully developed. But why?? Because at the time of discovery, it was learnt that its ore’s copper content was lower than the best grade available in other regions such as those on the Copperbelt. 

Initial metallurgical studies were mainly focused just on copper and no other mineral contents were premeditated. The Ministry of Mines carried other tests with the help of students from the School of Mines at UNZA in the late 80’s and new discoveries were found … it was this group that issued new metallurgical maps for Zambia showing new mineral reserves around the nation.                                                                                                  

The study showed that Lumwana is a multi-element deposit with significant gold, cobalt and uranium grades distributed throughout the deposit but the government was too broke to pursue the project due to the ongoing Structural Adjustment Program (SAP) imposed by the World Bank and International Monetary Fund at the time. 

So, what we have at Lumwana is a total hidden package with just as much copper, as much gold, as much cobalt, and as much uranium – this has been the serious hidden secret of the hidden treasures that lie under the soils of Lumwana making it the world’s largest undeveloped deposits with a 321Mt ore reserve grading at 0.73% Cu and 0.093% U308.  

This means that once commissioning is completed in mid-2008, Lumwana will be well on its way to becoming the largest copper, gold, cobalt and uranium producing mine in Africa. As we unearth for copper, we would have the benefit of doing the same for gold, cobalt and uranium. 

This excavation process provides for maximum utility as the economies of scales are exploited to the fullest extent because we would dig for the price of one but sell for the price of four. As we yank out one stone from the ground, we produce four products from it … it can’t get any better than that!!!

If my memory serves me right, Equinox holds mineral rights for copper and uranium but they should be allowed to extend those to gold and cobalt that way the ore’s extraction may yield the largest benefit. These secretly hidden treasures at Lumwana have the capacity to attrack over a billion dollars ($1 billion) in Foreign Direct Investment (FDI) for the Zambian Enterprise … thanks a trillion.

Brainwave R Mumba, Sr.

CEO & President – Zambian Chronicle

Copyrights © 2007 Zambian Chronicle. All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc.

Copyrights © 2007 Microplus Holdings Int., Inc.         

br-01-2.jpgRio Tinto is eyeing Zambia according to Business Week’s latest topical issue … the sole owner of the world’s largest open pit mine located in Kennecott Utah in the United States of America and, one of the leading mining companies in the world, which employs 34,500 people in 40 countries is looking at Zambia with a critical eye.

Rio Tinto’s worldwide operations supply a wide range of minerals and metals, including gold, silver, coal, iron, aluminum, borates … and, of course, copper.Copper remains the biggest money spinner, generating 48% of Rio’s profits in 2006. Some experts expect that portion to fall to about 30% in the next few years as prices come off their highs. Iron ore, which accounts for about 30% of profit currently, will become an increasingly important part of the mix, thanks to China’s voracious demand for steel.

Rio Tinto has poured money into acquisitions and new exploration projects to sustain growth. Last year alone, Rio boosted capital investment by 56%, to $3.6 billion, helping it secure the No. 3 spot on this year’s BW50 list of top European companies. It has become one of the titans of the mining industry, second only to Anglo-Australian rival BHP Billiton (BHP), with interests in copper, iron ore, coal, uranium, and diamonds.

Experts estimate the high commodity prices—which so far show no sign of tumbling—could give the company a net cash balance of about $4 billion by the end of 2008. That gives it a lot of firepower for more deals. Russia, Zambia, and the Congo are all regions where Rio could make a move next …

A look at the company’s selected financial data and revenues shows that it’s consolidated annual revenues for fiscal year 2006 exceeded $25.4 billion, with EBIT (earnings before interest, taxes, depreciation and amortization) at $12.7 billion while capital expenditure was well over $3.9 billion. Margins underlying/adjusted earnings before interest and taxes stood at 42.2% as a percentage of gross sales and they have consistently reduced their net debt down to $11.1 billion from $41.1 in just four years.

The real question however is whether the government responsible for the Zambian Enterprise will take advantage of the above spending power and do all they can to make sure Rio Tinto comes through with their considerations – thereby making Zambia a fortress for FDI (Foreign Direct Investment) it should be … thanks a trillion 

Brainwave R Mumba, Sr. 

CEO & President – Zambian Chronicle 

Copyrights © 2007 Zambian Chronicle.  All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom.

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc. 

Copyrights © 2007 Microplus Holdings Int., Inc.