… full capacity requires an additional N$933m investment
Consolidated Copper Corp (CCC) says its Tschudi copper plant has produced approximately 5,000 tonnes of copper cathode in just four months since its recommissioning.
The company successfully restarted the plant in August 2024, producing LME Grade A copper cathode in Namibia for the first time in four years.
“To date, we have produced approximately 5,000 tonnes. Currently, we are processing residual copper from the leach pads, but our plan is to expand mining operations and extend production further,” Consolidated Copper Corp CEO ,John Sisay told Namibia Mining & Energy.
He further explained that the plant has an annual production capacity of 17,000 tonnes of copper cathode, and the company is committed to scaling up operations.
However, he noted that achieving full capacity will require an additional US$50 million (N$933 million) investment.
To date, the company has relied on internal funding, including shareholder backing and reinvestment of earnings from current production. Third-party financing remains a possibility for future projects.
“Reaching full production capacity will likely require an additional US$50 million investment on top of what we have already invested, and we are confident we will achieve that. However, this expansion will run in tandem with our efforts to develop the underground concentrate-producing mines near Windhoek, rather than waiting to complete one before starting the other,” he said.
Sisay also explained that the Tschudi mine is part of the company’s broader mining portfolio, which includes underground mines near Windhoek and the Matchless Mine.
While Tschudi focuses on copper cathode production, refining copper to 99.9% purity, other sites will primarily produce copper concentrate.
“In total, there are four mines: two underground copper mines near Windhoek, Tschudi, which are already in production, and the Berg Aukas mine for zinc and lead. Our goal is to revitalise all of them. Tschudi has already been recommissioned and has been in production for four months,” Sisay said.
This comes as the Namibia-focused company secured the N$357 million (US$20 million) funding for the plant’s restart through a secured debt facility from Triangle Resource Partners (TRP), a syndicate of some of CCC’s founding shareholders.
Constructed in 2015, the Tschudi plant is Namibia’s only LME-grade refined copper processing facility.
CCC aims to expand operations and extend the mine’s lifespan to at least ten years through additional drilling and investment.
