Copper 360’s first development underground at the Rietberg Mine in South Africa is set to commence within the first half of the year, about three months ahead of schedule.
The company said it has entered into an agreement with Epiroc Financial Solutions AB for the procurement of underground mining equipment, which will allow it to extract sulphide ore from its underground mining operation.
The first delivery of equipment took place on April 30, 2024, ahead of its planned mining schedule to commence next month.
“The early delivery of our underground equipment marks another notable milestone in the company’s forward momentum,” said Copper 360 chief executive Jan Nelson.
“The Copper 360 team has shown remarkable endeavour by securing mine equipment well ahead of schedule.” The equipment is financed with installment sale agreements, payable over 36 months.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
