Palabora approves R9.2bn mine expansion

[miningmx.com] – SHAREHOLDERS in Palabora Copper including the government-owned Industrial Development Corporation and a Chinese consortium consisting of HBIS, approved a previously announced R9.3bn mine expansion.

The life of mine at Palabora Copper’s facilities, formerly owned by Anglo-Australian group, Rio Tinto, will be increased 20 years until 2033, the company said in a statement.