Cupric Canyon Capital
IT went quiet for Cupric Capital around the middle of 2017. As the company is not listed, it’s not required to say anything publicly, but stories emerged it was waiting on environmental permits, and comfort over the security of power supply to its proposed $350m Khoemacau copper project. Scoped initially to do 60,000 tonnes of copper-in-concentrate a year, there are ambitions Khoemacau could be expanded to double that size, provided a custom concentrator is built. It’s all good news for Botswana where the project is located. Although in the so-called Botswana Copper Belt, Khoemacau will also produce 1.4m oz/year of silver as by-product, scalable to 3m oz annually. Cupric Canyon has the buy-in of North American investor Red Kite, which also supported the Asanko gold mining project in Ghana. In June, Cupric Canyon appointed former AngloGold Ashanti operator, Johan Ferreira as its operations head. First development of the project is now due from the second half of 2018. Reporting to Barlett is Cupric Canyon’s CEO, John Munro – well known to South Africans from his days as a Gold Fields executive in charge of merger and acquisition activity.
LIFE OF DENNIS
Bartlett was something of a Phelps Dodge lifer until he made a break for it as founding CEO of Cupric Canyon. He holds a BSc in mining engineering from the University of Arizona and an MBA from Western New Mexico University. In addition to Cupric Canyon responsibilities, he sits on the board of PolyMet Mining Corporation.
- Web Address: www.cupriccanyon.com