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The processing plant restart has been funded by a USD 20 million secured debt facility from Triangle Resource Partners (TRP), a syndicate of some of the CCC founding shareholders.
LME Grade copper cathode has been produced at Tschudi, Namibia, for the first time in four years, marking the beginning of Consolidated Copper Corp’s (CCC) plan to rejuvenate the nation’s copper industry.
Constructed in 2015, Tschudi is host to Namibia’s only LME-grade refined copper processing facility. It produced over 80 kt of LME Grade A copper cathode up until 2020 when it was placed on care and maintenance.
Consistent with the Namibian Government’s focus on domestic beneficiation of locally produced minerals, CCC’s restart of the Tschudi copper plant marks the first phase of a broader strategy to sustainably recommission three brownfield copper mines in Namibia.
Consolidated Copper Corp is dedicated to becoming a responsible producer of metals and minerals critical for the creation of clean energy, setting clear goals to minimise its environmental impact, and ensuring the participation of local communities and economies.
The processing plant restart has been funded by a USD 20 million secured debt facility from Triangle Resource Partners (TRP), a syndicate of some of the CCC founding shareholders.
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Namibia is currently advancing its efforts in sustainable mineral beneficiation after the government legislated to prevent the export of unprocessed ore last year. This policy aims to capture more value from mining activities within the country before export, to enhance economic prospects for Namibians.
