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Kansanshi Mining Plc 2017-02-28T06:38:32+00:00

Kansanshi Mine is probably one of the oldest mines in Africa, with direct copper smelting dating back to the 4th Century. It is the largest copper producer by output in Zambia and is 20% owned by ZCCM-IH, with the balance owned by First Quantum Minerals Limited.

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Key Milestones

  • Reached full commercial production in April 2005;
  • Granted award as “Largest Tax Payer” in Zambia by the Zambia Revenue Authority on 1 st April 2010, which was dubbed “Taxpayers’ Appreciation Day”;
  • Crowned “Employer of the Year” by the Zambia Federation of Employers in 2010, 2011, 2014 and 2015. This award was overall winner’s award across all sectors of the economy and among all participating corporate entities in Zambia; and
  • Commissioned copper smelter in 2014 and started producing copper anodes from the smelter in First Quarter of 2015.

Corporate Social Responsibility

In line with the First Quantum Minerals Group ethos of “enriching the environment and communities in which the group operates” and “maximising opportunities and benefits for communities around the mine and in the host country”, Kansanshi Mining Plc has a very impressive corporate social responsibility programme, through which it funds community projects in Education, Health, Social Welfare, Infrastructure Development, Water and Sanitation, Conservation Farming and Sport.

Kansanshi Mining Key Products

Copper cathode | Copper anode | Copper concentrate | Gold dore

Kansanshi Mining Contact Details

The mine is located on Old Congo Road, some 10 kilometres northward of Solwezi Town.

Phone: +260 212 658000
Fax: +260 212 658203
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Extract from 2015 annual report

Sales revenues at Kansanshi Mining Plc (KMP) decreased to K10, 204.4 million (US$1, 568.8 million) for the financial year ended 31st March 2014 from K11, 334.5 million (US$2, 046.4 million) in 2014 reflecting lower realized copper and gold prices, and lower sales volumes. Overall copper production at KMP was 3% lower than the one for financial year ended December 2013 at 262,287 (2013: 270,724) due to a lower volume of sulphide ore processed, lower oxide ore grades and lower plant recoveries on the oxide circuit. At 154,431 ounces, gold production was 8% lower in 2014 (2013: 167,395) as a result of lower head grades in both the processed ore and stockpiled gravity tailings treated through the regrind circuit.

KMP posted lower results for the period under review on account of the ongoing constraints of limited local smelter availability and fluctuating prices for sulphuric acid. These challenges are expected to continue in the first half of 2015 before the benefits of the new smelter at Kansanshi, which produced its first anode in December 2014 after a 36-month construction period, start to kick in with processing capacity and low-cost sulphuric acid availability. When in full operation, the smelter is expected to produce over 300,000 tonnes of copper metal and one million tonnes of sulphuric acid as a by-product which will benefit KMP by allowing the treatment of high acid-consuming oxide ores and the leaching of some mixed ores. The commissioning of the KMP smelter was completed in 2015 and the smelter is budgeted to run at a capacity of 100,000 tonnes per month in 2016.

Total dividends paid during period under review amounted to K113 million (US$18 million) (2014: K3,977 million (US$600 million)). The amount payable to ZCCM-IH was K22.6 million (US$3.6 million) (2014: K795 million (US$120 million)).

Extract from 2014 annual report

Sales revenues at Kansanshi Mining Plc (KMP) decreased by 9.8% from those recorded for the financial year ended 31st December 2013 to US$1,834,121.00 (2012: US$2,035,081.00) reflecting lower realized copper and gold prices, and a build-up of concentrate inventory. This decrease flowed through to gross profit which was also negatively impacted by higher depreciation charges relating to plant and mine pit expansions, partially offset by a reduction in cash costs during the year. Overall copper production at Kansanshi increased by 3.6% to 270,724 (2012: 261,351). Higher throughput realized on the recent plant expansions and higher mixed ore grade processed was partly offset by lower sulphide ore grade. Ongoing mine pit development work continues to improve access to various ore types, specifically oxide to coincide with the current plant expansions. At 167,395 ounces, gold production was 23% higher in 2013 (2012: 136,056) as a result of gold circuit enhancements and the re-processing of stockpiled gold plant tailings.

The multi-stage Kansanshi plant upgrade to an annual production capacity of 400,000 tonnes of copper continued in 2013.

Total dividend paid during the period under review amounted to K3,977 million (US$600 million) (2013:K983 million(US$ 195 million)). The amount payable to ZCCM-IH was K795 million (US$120 million) (2013:K196.7 million(US$39 million)).

Copper

Extracting value from tier one assets by improving efficiencies and operations.