kafwanka mundubile
Lusaka (ZAF)
Role(s):
Founder/Owner/Principal
Crabtree Resources Mining Limited
Find More Startups
Startup
Location:
Lusaka
Industry:
Investing
Year Founded:
2008
Number Employees:
50-100 people
Description:
The company was incorporated in 2008 in the copper mining industry. The production of copper ore per month is estimated 300MT with equipment such as excuvator, dumper trucks (2). currently we are mining using loose tools.
The hand production is between 3 - 4 MT of copper ore per day. This translates to between 90 - 120 MT per month with the production costs estimated at US$105 per MT.
The ore has high copper content analysed at 33% by reputable independent assayers (International - Alfred Knight, Alex Stewart and University of Zambia dept of mines). The mining license is for 5 years renewable. The copper ore has enough reserves estimated at US$350Mn. The land covers 400Ha of Central Zambia the mineral rich belt passes through this area up to Democratic Republic of Congo.
The mining area is 200 Km from Capital Lusaka. The personal investment is well over US$100,000. The company has intended to plough back the profits into this investment. Directors never draw any salaries from the company.