Critical Metals announces the resumption of production at its Molulu copper-cobalt mine in the 4th quarter of 2022-DRC
Critical Metals CEO Russell Fryer has announced the resumption of production in the fourth quarter of this year at the Molulu copper and cobalt mine. He made the statement, on the sidelines of the appointment, on Thursday, October 13, of Lloyd Kirtley as DRC field director for Critical Metals .
“ His experience working on the ground in many countries across Africa will be invaluable in enabling us to quickly bring this former copper/cobalt asset, located in a highly prospective region, into production in the fourth quarter of 2022 ,” added on this subject Russell Fryer, CEO of Critical Metals.
The new head of Critical Metals in the DRC is a geologist with more than 40 years of experience in exploration and mining. Among other missions, he will have to supervise all the environmental and social assessments, the rehabilitation of mining and accommodation infrastructures, as well as the delivery of materials to local smelters for the processing of the ore which will soon be extracted or the establishment of circuits. sale of copper and cobalt production.
It should be noted that Critical Metals finalized last month the acquisition of an indirect stake of 70% in Molulu, through the purchase of a 57% interest in the owner of the project, Madini Occidental Limited. This mining asset had been exploited on an artisanal basis for several decades.
