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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...

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



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1940 - 1990 +1,471,934 tonnes of copper (85,768,482 @ 1,72% Cu) produced ~30 mines
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@ 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
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Shallow resource (<300m below surface) and have significant widths (ranging from 10m to 150m)
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Since Metorex only 3 companies (including SHiP) have conducted any exploration and/or development work in this district


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



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A huge drill hole and geological database is available