The ongoing $2 billion Lumwana Expansion Project, led by Canadian mining giant Barrick Gold Corporation, has come under scrutiny for its focus on copper mining, despite holding licenses for multiple minerals including gold, uranium, and cobalt Fresh data obtained by the Zambian Business Times (ZBT) reveal that Barrick Gold, operating Lumwana mine in Zambia’s North Western Province, holds nearly six mining licenses, some with high-grade deposits of minerals aside from copper. The Expansion Project, located in the same province, is estimated to require a capital expenditure (CAPEX) of approximately USD $2 billion. Official data seen by ZBT, however, confirms that...
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