Albidon Zambia Ltd, Zambia’s Chinese majority owned Munali Nickel Mine produced more than 78,000tns of ore with 81% nickel quality during the first 3 months of 2010, barely 3 months after it resumed production. Mr Daniel Davis secretary of Albidon Zambia Ltd said that a USD 20 million working capital loan facility agreement between the mining company and Jinchuan, which was arranged during the quarter under review was executed in April this year. Mr Davis said in the quarterly activities report that the company achieved 1310m mining development, which was a lateral decline. The miner processed 78,000tns and produced 3600tns of nickel concentrates and 258tns of contained nickel metal. He added that “The plant crushed a total of 74,648tns of ore with a head grade of 0.64% Nickel. The mill operated moderately well, achieving a recovery of 52% with 0.35% nickel in the tailings.” The company had during the first three months of 2010 achieved production of 3600tns of nickel concentrates at 7.2%, producing approximately the 258tns of contained nickel metal. The first shipment of nickel concentrates recommenced by the end of April, and the company had planned to ship 7500tns. The company carried out some repair and maintenance throughout the operations of the quarter.
