Sentinel mine explained

Sentinel mine
State/Province:North-Western Province
Country:Zambia
Owner:First Quantum Minerals
Products:Copper
Amount:300,000 tons/year
Opening Year:2015

The Sentinel mine is a large copper mine located in north-west Zambia in North-Western Province, part of FQM Trident Ltd.[1]

The mine is owned and operated by Canadian-based First Quantum Minerals, which purchased the rights to the project in 2010,[2] Construction began in June 2012, and the first product was extracted in August 2015, though full-scale production did not begin until November 2016.[3] [4] The mine cost about $2.3 billion to build, and employs about 6,000 people.[4] [3]

Sentinel mine has a single reserve of copper ore, measuring an estimated 1.03 billion tons of ore with a copper content of 0.51%, or about 5.2 million tons of pure copper.[2] It is expected to yield about 300,000 tons of copper concentrate annually over a 15-year productive lifespan.[2]

Notes and References

  1. Web site: Reserves & Resources. 2013. first-quantum.com. 2013-06-21.
  2. Web site: First Quantum says new Zambia mine, smelter to cost $2.4bn . Mining Weekly . 26 March 2012 . 19 November 2018.
  3. Web site: First Quantum Minerals launches $2.1 bln Zambia copper mine . https://web.archive.org/web/20150831062701/http://af.reuters.com/article/investingNews/idAFKCN0QX11F20150828 . dead . August 31, 2015 . Reuters . 28 August 2015 . 19 November 2018.
  4. Web site: Countries Push to Extract More Cash from Big Mining Companies . The Wall Street Journal . 18 November 2018 . 19 November 2018.