METOREX

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Uniquely positioned in the Southern African base metals mining industry

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Long-term Perspective Metorex is consolidating its position as a mid-tier mining Group in Southern Africa through a concerted balance between present day innovation, and future sustainability Writer: Matthew Staff Project Manager: Arron Rampling etorex is proving its credentials across a number of assets in the DRC and Zambian copper belt to reaffirm its status as an established mid-tier mining Group with a concerted focus on long-term profitability.

Uniquely positioned in the Southern and Central African base metals mining industry as a pure copper and cobalt investment, the business in its current guise represents more than 40 years of evolution and, following an acquisition

by Jinchuan Group International Resources Co Ltd in 2013, the Company has even more clout to add to its innovative and sustainable strategy.

The wider Group structure as it exists today instils Metorex as an arm of Jinchuan Group subsidiary, Jinchuan International (HK Listed), and while this has added a number of vital strings to the Company’s bow, it has simply

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40 YEARS

The business in its current guise represents more than 40 years of evolution

complemented a philosophy and operational excellence that had long prior existed within the business.

“The Metorex vision is to grow a competitive and sustainable Africanfocused base metal mining Company and build a business development platform and operation base of Jinchuan based in Southern Africa,” the Company states. “To grow a Company that offer opportunity for the development of our employees and communities, delivering to shareholders’ expectations and contributing to the development of our world.”

This ethos emanates throughout the Company’s day-to-day missions also, incorporating considerations that apply to both its industrial works within the mines, and the wider impacts the business has on its people, the environment and the surrounding communities.

The Company notes: “The Metorex mission is to operate and optimise existing mines and assets; through new mine development, exploration and technical improvements, to realise preservation and appreciation of assets; to produce copper and cobalt products in line with quality specifications; to realise Company growth in order to maximise shareholder interests; to ensure harmonious relationships between employees, communities, government and society; and to create zero harm.”

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Handling the security needs of your business We allow you to focus on your company’s core activities, bringing increased efficiency and ultimately a better bottom line.

So whether you require a business security system, back to base alarm monitoring, security guards, security patrols, escorts or any of our areas of expertise, your protection and the security of your personnel, premises and consignments is our first and last concern.

Your satisfaction is our first goal

Address: 6/7 Av. Djamena / Coin 30 juin DR Congo, Central Africa Email: info@brassecurity.com General Manager: +243814000195 Operations Manager: +234998492852 For more information: + 243994279595

www.brassecurity.com

OVER 3,000 PERSONNEL ACROSS AFRICA

▶ Alarms and security systems ▶ Intruder alarms, CCTV and Access control ▶ Security personnel ▶ Guard, patrol and armed response services ▶ Truck tracking and monitoring ▶ Canine security services ▶ Security for mining sites YOUR SAFETY .....OUR BUSINESS

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Metorex continues to uphold prestigious standards

Jinchuan Group

Metorex’s parent Company, The Jinchuan Group is a Chinese stateowned resources Company based in the Gansu province of China which produces a host of metals including nickel, cobalt, copper, platinum, palladium, silver and selenium.

As the second largest cobalt manufacturer in the world, the third largest copper manufacturer in China, and a leading platinum Group in Asia; “Jinchuan Group promotes the function of encouraging the economic prosperity of limited resources that are used for consumer production, through green development”, Metorex details on its website. “Being the 4th largest nickel manufacturing enterprise in the world, Jinchuan Group also holds

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other prestigious titles such as: “Industries and original energy resource development enables them to improve and streamline processes within the mining industry, thus making Jinchuan Group a leader within their field. Having won the esteemed Chinese Industrial award in April, 2013, this admired mining company Continues to uphold the prestigious standard they have set.”

Ultimately, it is Jinchuan’s values which most tie into Metorex’s own approach though, with responsibility, humanism, innovation and ‘winwin’ value at the heart of both organisations’ outlook; and thus their overall structure since 2013.

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Chibuluma Mine

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RAS SECURITY S.A.R.L is a BelgianCongolese joint-venture owned and operated Company, founded in 2002, and is headquartered in Katanga province, with site offices in Kolwezi, Kasumbalesa, as well as offices in Tanzania, Zimbabwe and Zambia.

Congolese National Police, which can be observed through the police procedural elements we use in our patrols, provided by the Provincial Police Inspection (The Provincial Police General Office).

Headed by a management team with extensive experience in all aspects of security, in addition to the available resources of more than 3,000 personnel across Africa, the Company implements and carries out security solutions for various clients, with the contacts and the know-how to meet expectations and get the job done accordingly.

Safety: With a proactive approach to the wellbeing, health and safety of our staff in the workplace, we aim to offer continuous improvement in the prevention of injuries or occupational diseases.

The Company’s large vehicular fleet, consisting of Land Cruisers, light trucks and pick up’s for both operations and staff transport means that the Company is an outstanding choice as a long-term provider of permanent and casual security personnel.

With more than a decade of experience in the southern DRC, supplying security services on both private and corporate levels, and in close cooperation with local government, police and security services, we are able to maintain a trustworthy and reliable reputation and cooperation with our clientele, mining multinationals, NGO’s, foreign consulates and successful local companies represented in Katanga.

We provide guard services for a variety of mining sites and companies across Africa, including Metorex Group’s Ruashi mining site and plants, where several patrols are carried out 24 hours a day, seven days a week, and every two hours, incorporating a radio check-up on all sites.

We also have excellent relations with the

OUR CORE VALUES

Accountability: We assume responsibility for our actions and conduct our operations with the highest level of professionalism.

Voluntary Principles: We are profoundly aware that our daily operations have an impact on our surrounding communities. We perform in a manner that ensures respect for human rights and fundamental freedom.

Excellence: We strive to provide the highest quality services and continually challenge ourselves to be the best.

Our main goal is to be able to offer and apply a low profile, highly efficient, complete but affordable security system, relieving our clients of their security concerns enabling them to concentrate on doing business.

General Manager +243814000195 Operations Manager +234998492852 For more information + 243994279595 E info@brassecurity.com www.brassecurity.com

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Chibuluma Mine production began in 1955

Operational management

Scanning the hierarchy and structure further down and you find the esteemed projects that have become so synonymous with Metorex’s capabilities over the years.

Comprising the Ruashi Mine, Kinsenda Mine, Musonoi Project and Lubembe Exploration in the DRC - and the Chibuluma Mine and Chifupu Project in Zambia - Metorex is continuously proactive in acquiring lucrative assets while reviewing potential opportunities in the future, in sub-Saharan Africa.

“We are a group of senior executives who routinely evaluate and assess opportunities to expand our business,” Group Projects Manager, Vic Fitzmaurice explains in regards

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Key projects at present include the reopening and recapitalisation of the Kinsenda Mine in the DRC, which will be in production in 2017

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to Metorex’s project identification strategy. “Key projects at present include the re-opening and recapitalisation of the Kinsenda Mine in the DRC, which will be in production in 2017.

“We are also developing the Musonoi project, a cobalt copper project in Kolwezi, DRC, which has passed the definitive feasibility study stage, and is being prepared for final optimisation and front end engineering design.

“Meanwhile, there is also the Ruashi III expansion project which will extend the mine-life of the Ruashi opencast mine in Lubumbashi, DRC.” “Good operational management” is the key differentiator underpinning the success that Metorex has enjoyed across each of its projects over the decades according to Fitzmaurice; and this is certainly epitomised in pure scale terms when looking at its trademark mining operations.

The mine has seen a rapid rise to prominence

• C H I B U L U M A M I N E S “This mining area is located south of Chibuluma in Zambia. Mine production in Chibuluma began in 1955 and currently has a current equivalent annual production capacity of approximately 19,000 tonnes of Copper in the form of concentrate,” the Company details. “The mine currently extracts ore from an underground operation feeding an efficient well run concentrator.

“Chibuluma continues to be described as Zambia’s model mine.”

was registered as a DRC Company, being developed in two phases.”

Phase 1 embraced the construction • R U A S H I M I N I N G of the concentrator to a life-span Metorex continues: “Ruashi is a copper of approximately four years, while and cobalt mine in Katanga province, Phase 2 catered for the mining of the located within the Democratic Republic Ruashi opencast ore body; including of Congo. This mine is made up of three the construction of an expanded open pits, along with a modern solvent concentrator, the acid leaching section, extraction electro-winning processing and a solvent extraction plant for the plant. Ruashi Mining started production production of copper and cobalt way back in 1911. In 2005, this Company on-site.

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• M U S O N O I P R O J E C T “The Musonoi Project is also located in the DRC, on the outskirts of the mining town of Kolwezi,” Metorex explains. “The project area contains at least two known mineralised zones, one of which (known as Dilala East) was discovered as a blind, high grade copper and cobalt deposit in 2007.

“Following the initial discovery of the high grade mineralised zone, the property has been extensively drilled and has a declared mineral resource of 31.7 million tons at a grade of 2.8 percent copper and 0.9 percent cobalt.

The mineral resource has been defined to a depth of 600 metre below surface and indications are that the ore body is open to approximately 1,000 metres below surface.”

The mines around Kolwezi have produced more than 400,000 tonnes of copper per annum in recent years, capitalising on local skills, favourable logistical conditions, and specialist consultants deriving from areas of environmental impacts and on-site technical skills.

Kinsenda Mine

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RHC

W

hile RHC has been a mine consulting outfit since inception, it has since 2010 expanded its range of offerings to include turn-key software solutions focused on solving the more difficult to manage aspects of the mining industry.

When Metorex’s Ruashi operation was faced with the difficulties of selectively mining complex ore bodies, an effective ore control process had to be implemented. RHC’s gradeRunner solution was evaluated against numerous criteria including ease of use, efficiency, features, support, cost and return on investment; it proved itself to be the preferred and most comprehensive solution available on the market.

• K I N S E N D A P R O J E C T Metorex notes: “The Kinsenda Project currently ranks as one of the world’s highest grade copper deposits with declared mineral resources of 20.7 million tonnes at a grade of 5.6 percent copper. Kinsenda is situated within the Democratic Republic of Congo, near the border town of Kasumbalesa.”

The mine has seen a rapid rise to prominence and productivity following the completion of the bankable feasibility study in 2012; immediately followed by development in 2013 and mining operations incepting in late 2015.

Using cut and fill mining methods, the easy access to infrastructure in the area has made it one of Metorex’s key projects and a subsequent exploration of further volumes of inferred mineral resources to the east of the main area is set to add another eight years onto the mine’s overall lifecycle.

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Utilising gradeRunner, the production team on the first day of implementation was able to, with a few clicks, generate in-fill drill plans with all lab-required metadata and seamlessly import the resulting grade data. With a few more clicks on the second day, block models were updated and the new information was used to generate and get dig plans out to the field.

By the end of the week a fluid and easy to follow workflow had been implemented, production geologists had saved hours of otherwise manual, error prone work and a tremendous reduction in dilution was evident when gradeRunner’s production reports were reconciled with what the plant had processed.

RHC is a dynamic mine consulting outfit which has assisted clients in more than 40 countries on five continents, offering tailored services, training and solutions for addressing real-world obstacles keeping you from meeting your targets.

www.rhc.za.com

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RHC is a dynamic international consulting outfit with clients in over 40 countries on 5 continents, offering services, training and solutions to the mining industry.

We’re an exceptional team of seasoned professionals who are dedicated to assisting clients in facing and overcoming strategic and operational challenges, offering our expertise and extensive experience to help you achieve optimal and timely results.

Consulting Services

Training Services

Solutions

Seconding

From exploration through feasibility, resource optimization and modelling, mine planning, production optimization and mine closure we offer an extensive array of services and solutions to meet your requirements.

We offer complete courses in mining software with Geovia's Surpac, Minesched and Whittle products ranging from introductory to advanced levels. We also offer tailored training and skills transfer to suit your requirements.

With the experience we have gained from extensive industry exposure we have identified certain recurring obstacles which we can confidently offer turn-key solutions and automation for, helping to decrease costs and increase productivity.

In a highly demanding production environment where sudden personnel shortfalls can cripple progress we offer support by way of seconding individuals from our team who possess the necessary skills.

The Intuitive Ore Control Managment System.

In a production environment where every load counts, ore control is a critical yet difficult to manage process. With gradeRunner the workflow between geologists, planners, surveyors and production staff becomes seamless, helping to maximize efficiency while minimizing costs and disruptions.

Benefits Implements an ordered workflow that promotes collaboration.

Facilitates quick onboarding for new recruits.

Automates time-consuming tasks with a few clicks, freeing up time for staff to focus on what matters.

Reduces dilution through efficient ore data updates.

Keeps track of historical data and generates interactive reports making reconciliation a breeze.

Protects and keeps track of changes to projects.

gradeRunner is very easy to learn and use with effective administrative controls; allowing new employees to feel confident and more comfortable to generate error free markups, dig plans, drill holes etc. without having to spend time to do it myself. This allows me more time to work on other critical aspects of the operation.

-Dominic Sowah, Chief Mine Geologist, Inata Mine, Avocet Mining PLC. Production Reports Onboarding

4x

Dig Plans

6x

10x

times faster

sales@rhc.za.com

sales@minecloudapps.com

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• L U B E M B E A 2012 scoping study - compounded by a 2014 feasibility study - kick-started this mine’s development and the potential to mine mixed sulphide and oxide ores to a mineral resource of 93 million tonnes at a grade of 1.9 percent copper. Using open pit methods, the copper-based minerals will be recovered via flotation.

“In the second step of processing, the concentrate will be subjected to ferric and acid leaching to produce an electrolytic solution from which copper cathodes will be produced by electrowinning methods.” The Company says.

Strategic anchors

These renowned projects represent more than 40 years of development for Metorex, but it was 2011 where the modern-day Company began to take

Kinsenda Mine

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In the second step of processing, the concentrate will be subjected to ferric and acid leaching to produce an electrolytic solution from which copper cathodes will be produced by electrowinning methods

shape following the announcement of Jinchuan Group’s intention to acquire the business.

And since this deal’s completion two years later, the Company has gone from strength to strength, not only in identifying the most lucrative possible mining projects, but in bringing unrivalled innovations, efficiencies and expertise to the fore.

“Improving throughputs, removing operational bottlenecks, and cost reduction initiatives across our operations and head office have been the basis of our continuous improvement strategy over the years, and this also includes areas of supply chain management where there continues to be a focus on central procurement and Sino-based engineering and suppliers to reduce costs,” Fitzmaurice explains.

Arguably its most refined, honed

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One-stop-shop for all mining supplies at competitive prices.

Duma supply general products and services to the mining and domestic industries.

Vic Fitzmaurice Group Projects Manager, Metorex Professional Engineer, and Master of Engineering, Vic Fitzmaurice joined Metorex in 2016. Prior to joining Metorex he worked at Gencor, De Beers, Great Western Minerals Group and other mining companies in various senior operational, managerial and project roles.

We are affiliated to South African suppliers, and control the full chain, from purchase in South Africa, through to exporting from South Africa to importing into the DRC.

DUMA

13-B-0814, Colonel Tshatshi Avenue 3030, Ruashi Town Republic Democratic of Congo T: 00243 99 348 7837 E: duma2704@gmail.com

Integrated systems of safety and support Patents Apply Š New Concept Mining 2016

Musapa’s Properties, Kamfinsa Junction, Kitwe, Zambia IVOR CHANDA ivorc@ncm.co.za +26 (0)95 590 0295 www.ncm.co.za

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and concerted focus revolves around its human capital mission though, with the acknowledgement of its people and localised expertise prominent throughout.

The Company continues: “Human Capital bases its foundation on the Metorex strategy which defines the vision and values of the organisation which is enabled through the strategic anchors defined for the organisation.

“Our focus is to align the entire human capital function with the greater Metorex strategy and add value to our business.

“We are process champions who are aligned to the business, proactively involved, lead by example and act with integrity.”

Long-term vision

A commitment to effective leadership, employee development, mutual respect, human dignity, and motivational empowerment compounds its overall human capital ethos, and is also backed up by a sincere sense of accountability within Metorex.

Chibuluma Mine

The Kinsenda Project currently ranks as one of the world’s highest grade copper deposits with declared mineral resources of 20.7 million tonnes at a grade of 5.6 percent copper

The Company is going from strength to strength

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Ultimately, this culminates in a more streamlined long-term perspective which the Company pinpoints as one of its core values contributing to its present and future success.

“We seek to grow our Company and our people, focusing on stability, sustainability and value,” it says. “We do everything to the best of our ability, acting in a professional way, leading by example and continuously improving ourselves and the Company.

“Through effective communication and collaboration we will work together as one team to achieve our shared vision and goals.”

The last - but by no means least value revolves around ‘zero harm’, entailing concerns towards workers, the environment, the community and health & safety aspects; once again emphasising Metorex’s drive to not only be profitable and productive,

but to do so in a way that will remain sustainable long into the future.

“Cost curve management, productivity improvements, and initiatives to remain profitable remain imperative,” Fitzmaurice concludes.

“And this contributes to our differentiator which is our long-term vision and our belief in the copper and cobalt market fundamentals, backed up by strong shareholder support.

“Over the next few years, we now expect to see the successful operation of the Kinsenda mine, the start of construction of the Musonoi cobalt and copper project, the start of construction of the Ruashi III expansion project, and the unveiling of a significant new asset acquisition.”

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Metorex Mining Limited The Mall Offices 11 Craddock Avenue cnr Baker Street 2146 South Africa T: +27 11 215 4000 | E: af-info@atlantisfoundries.com www.metorexgroup.com/

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