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Redefining a new era of copper mining in South Africa

History of the Northern Cape

  • 1600s

    Northern Cape Province (NCP) recognised by indigenous South Africans as a copper-rich area

  • 1685

    Simon van der Stel (VOC Commander of the Cape) leads negotiations with indigenous people for copper-mining rights

  • 1850

    Extensive mining commences. This is the first purely speculative mineral boom of any kind in SA

  • 1927

    American mining giant Newmont Mining acquires the Namakwa Copper Field from the Cape Copper Company

  • 1937

    Newmont forms O'Kiep Copper Company (OCC)

  • 1940

    OCC starts mining

  • 1955

    The Carolusberg Mine developed to a depth of ~2 000m, mining some 411kt of copper, representing around 26Mt @ 1,54% Cu in the region

  • 1960s

    OCC lists on the New York Stock Exchange and pays the highest dividend ever during that period

  • 1984

    Newmont sells OCC to Gold Fields South Africa, due to political pressure resulting from the Apartheid regime.

  • 1998

    Gold Fields sells OCC to Metorex limited to become a more gold-focused company

  • 2006

    Metorex stops mining. They start clean-up/slag retreatment and reclamation activity of the assets

  • 2010

    SHiP acquires the mineral rights to most of the prospective copper deposits in the region, covering some 36 000 hectares

  • 2013

    Metorex declines developing the region after mining ceases. They divest the OCC which becomes an earth-moving company not holding any significant mineral tenure.

  • Today

    this is where our story begins...

NCP is one the world’s most prolific and prospective copper mining districts

1940 - 1990 +1,471,934 tonnes of copper (85,768,482 @ 1,72% Cu) produced ~30 mines
@ Sept 1990 reserves of 327,147 tonnes of copper metal (18,417,931 @ 1,78% Cu) remain unexploited Most of the resource having developed underground infrastructure in place or outcropping on surface
Shallow resource (<300m below surface) and have significant widths (ranging from 10m to 150m)
Since Metorex only 3 companies (including SHiP) have conducted any exploration and/or development work in this district

The area has developed infrastructure in terms of power, water and road and rail
The resources represents some of the highest grade and lowest cost mineralization

A huge drill hole and geological database is available