Modern Mining February 2023
Critical Metals commences copper production at Molulu Critical Metals, a mining company established to acquire mining opportu nities in the critical and strategic metals sector, has commenced copper production at the Molulu Project, an ex-producing copper cobalt mine in the Democratic Republic of Congo. Production follows the completion of preparation work on site and the arrival of several vital pieces of min ing equipment. This is a major landmark as the company moves towards securing further assets. The mine will initially run on a single-shift basis and is estimated to produce around 10 000 tonnes of copper oxide ore per month on a steady-state production rate. The copper ore produced in January 2023 will be stockpiled for sale into the market in February 2023. With much of the infrastructure now in place, the company has assem bled a strong team of mining professionals onsite including a project manager, four geologists, two mine engineers, as well as the recently appointed mine manager and a complement of local village support staff, the company said. Russell Fryer, CEO of Critical Metals, commented: “With copper ore production now underway, the company expects to be free-cash flow positive by the end of H1 2023, showing the high cash flow generation potential under current market conditions.”
Critical Metals commences copper production at Molulu.
Lifezone Metals appoints Gerick Mouton as COO Modern metals company, Lifezone Holdings, has appointed Gerick Mouton as its COO. Mouton is a mechanical engineer and professional project man ager with 25 years’ experience in strategic mining
and mineral processing development, capital raising, leadership, organisational establishment and execution of multifaceted capital intensive mining and mineral projects. As a global metals and mining professional, he has held senior and executive management positions within established international listed mining companies and engineer ing consultancies. The company believes this ability will support the creation of shareholder value and wider economic benefits to all stake holders in the Kabanga project. Lifezone Metals also welcomed Manny dos Ramos to Tembo Nickel as its general manager. He will lead and manage day-to-day project development and operational work at the Kabanga project and Kahama refinery sites.
February 2023 MODERN MINING 5
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