WELCOME TO COPPER 360
About Copper 360
The first mineral discovery in South Africa was made by modern man in 1685 by Simon van der Stel in near the town of Springbok situated in the Northern Cape Province of South Africa. It is however known that the Khoi San tribes native to the land of the area had made the discovery of Copper in the prehistoric times long before the colonization of the Cape. The Northern Cape developed from 1935 to 1980 into one of the major Copper producing districts in Africa and the world. However, a down-turn in the copper price had seen all activity in the district come to an end by 2005.
There remained however a few persistent pioneers who continued work in the area and consolidated and developed the remaining copper assets in the district and who had a clear vision that copper prices would rise again and that modern society would not be able to survive without copper as a key resource. They were proven correct. These pioneers are represented by the SHIP Copper company and the Big Tree Copper company who together have consolidated almost the entire Northern Cape Copper Belt (‘NCCB’) and have decided to join and become one force in the copper sector, Copper 360, that is poised to become the next copper producing giant of South Africa and Africa.
The Copper 360 business is focused on (a) processing historical mined copper rock dumps through a process of environmental clean-up, and (b) mining surface and shallow copper resources. The company has acquired (through SHIP) an extensive database from companies such as American Mining Conglomerate Newmont and Global Gold Company Gold Fields who worked the district before, which gives the company a significant competitive advantage. In addition, SHIP owns virtually 70% of the entire NCCB and has progressed al work past exploration stage and have granted a mining right on 19 260,0346 hectares. The mining right was granted on 31 October 2023 and executed on 8 December 2023.
Meet Copper 360
Cape Copper Oxide is a 100% Subsidiary of Copper 360.
It produces copper by processing old historically mined rock dumps through a copper processing plant. The discard from the process is neutralised and used to fill-up old, mined areas whilst restoring the previously disturbed environment to its natural state. The company is therefore classified as an environmental clean-up business. No mining takes place in the process, only the moving and processing of rock and deposition of a neutralised slurry. Cape Copper Oxide started construction of the copper processing plant on 12 April 2019 and commissioned the plant on 14 May 2021 with first copper being produced on 5 July 2022. The copper processing plant is located next to the town of Nababeep in the Northern Cape Province of South Africa and employs 160 people.
Cape Copper Oxide has built the first SX/EW (Solvent Extraction and Electrowining) Copper plant in the NCCB and in South Africa. On 10 August 2021 Cape Copper Oxide produced not only the first copper in the district in 10 years but also the first copper cathode (copper plates produced through the process of plating copper in solution via electric current) by cleaning up historical mined rock dumps. Furthermore, we are implementing Artificial Intelligence software in partnership with BASF (Multinational Chemical and Technology Company) that is a world first and optimises our metallurgical processing process of copper.
We are also in partnership with MetalTek (Specialist processing and Technology Company) building the first Fines Optimised Heap Leach (“FOHL”) pads in the world to further our copper processing recovery ability. This has also resulted in a world first in the application of technology towards environmental clean-up that leads to an almost zero net impact on the environment.
This not only gives us a strategic advantage when it comes to copper recovery but also a first mover advantage not only in the NCCB but also in South Africa (our home turf). We are also the only current producer of copper in the NCCB and the only company in South Africa that does so through environmental clean-up. Cape Copper Oxide recently won the Investing in African Mining Indaba 2022 ESG award for Technical Modernisation.
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The Okiep Copper Company is a 100% Subsidiary of Copper 360.
The O’OKiep Copper Company (Pty) Ltd (“OCC”) was incorporated in 1937 by the Newmont Mining Company, and which is the oldest mining, operating copper company in South Africa.
In the 1960’s the O’okiep Copper Company which was floated on the New York stock exchange during the 40’s paid the highest dividend ever on the NYSE for that period.
During its golden era, investors received dividends totalling R180,3 million as a return on their original investment of R1 021 056.
SHIP Copper Company is a 95% Subsidiary of Copper 360.
Shirley Hayes IPK (Pty) Ltd (“SHIP”) is a mining and exploration company that has been active for the past 14 years in the Northern Cape Province of South Africa consolidating and developing through exploration over 36,000 hectares of the most prospective copper mining targets in the district.
The area targeted by SHIP has over 12 open and underground mines and several geologically defined prospects that have been historically worked and drilled by the Newmont Mining Company (a major North American Mining Company) and Gold Fields (a major Global and South African born mining company) with both companies having left behind an extensive geological dataset now owned by SHIP. The area consolidated by SHIP was granted a mining licence, executed 8 December 2022, and lies approximately 10km north of the regional town of Springbok and 15km east of the town of Nababeep in an area of 19 260,0346 hectares.
Latest Copper 360 News
9th
9th
Oct, 2023
The PWC Mine 2023 report, themed Adapt To Thrive, has ranked copper at pole position in its critical metals list. In addition, South Africa was ranked highest amongst critical energy metal reserve listings, vis-à-vis copper producing nations, ahead of Zambia, Botswana and Angola.
PwC’s 'SA Mine 2023’ report notes that we have entered the era of critical minerals. To make the energy transition real, the world must dramatically ramp up the use of low-emission green energy technologies. What unites all these technologies, whether they’re well-established or cutting edge, is their reliance on metals and minerals.
