JV, known as Somidez, to produce 80,000 tons of copper cathode and 8,000 tons of cobalt a year, state-controlled Gecamines says in emailed statement.
* China Nonferrous Metal Mining Group holds 51% stake in $880m
project and will operate Deziwa mine for 9-11 years to recoup
its investment, Gecamines Chairman Albert Yuma says in statement
* Annual copper production could reach 200,000 tons; China
Nonferrous is exploring the permit area to potentially increase
the project’s 4.6 million tons of copper reserves