Tenke Mining President Paul Conibear at the African Mining Congress

Technical picture for Tenke mining is here.
"A QUANTUM increase in annual cobalt production from Africa would trigger a structural improvement in the infamously volatile market, said Paul Conibear, CEO of the $700m copper and cobalt exploration company, Tenke Mining Corporation.
“There will be a stability in production that will stimulate demand,” said Conibear in an interview at the African Mining Congress, held in Livingstone, Zambia. “A whole new level of sophistication will come into the market.”

"Tenke Mining Corporation’s copper and cobalt mine, Tenke Fungurume mine, situated in the Democratic Republic of Congo (DRC), is slated to produce about 8,000 tonnes of coblat/year, possibly increasing to 25,000 tonnes/year, said Conibear. And there were other producers also expected to lift production including Katanga Mining (3,000 to 4,000 tonnes), and Nikanor which could produce 25,000 tonnes/year. "

"The $650m Tenke Fungurume mine will see annual copper production beginning at 115,000 tonnes. However, an aggressive expansion plan backed by US firm, Phelps Dodge, which has a 57.75% stake in the mine, could see production increase to 400,000 tonnes/year. “The orebody can completely accommodate such an increase,” said Conibear."

http://www.miningmx.com/events/ea2007/624291.htm