| Deposit ID | 10239350 |
|---|---|
| MAS/MILS ID | 7660001002 |
| Record type | Site |
| Current site name | Shituru |
| Point of reference | Ore Body |
|---|---|
| Geographic coordinates: | 26.7797, -11.0224 (WGS84) |
| Elevation | 1250 |
| Location accuracy | 1000(meters) |
| Relative position | 1 km from Likasi. |
Political divisions (FIPS codes)
Congo (Kinshasa)(country)
| Country |
|---|
| Congo (Kinshasa) |
| Commodity | Importance |
|---|---|
| Copper | Primary |
| Ore Body (1) | 26.7797, -11.0224 |
|---|
| Operation type | Processing Plant |
|---|---|
| Development status | Producer |
| Commodity type | Metallic |
| Significant | No |
| Type | Owner-Operator |
|---|---|
| Owner | Gecamines |
| Interest | 100 |
| Home office | Zaire |
| Type | In-situ | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | resource base, contained metal | ||||||||||||||
| Estimate year | 2008 | ||||||||||||||
| Demonstrated | 7540000metric tons | ||||||||||||||
| |||||||||||||||
| Type | In-situ | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Resource base, contained metal | ||||||||||||||
| Estimate year | 2008 | ||||||||||||||
| Inferred | 230000metric tons | ||||||||||||||
| |||||||||||||||
| Agency | Database name | Acronym | Record ID | Notes |
|---|---|---|---|---|
| U.S. Bureau of Mines | Minerals Availability System | MAS | 7660001002 |
| Subject category | Comment text |
|---|---|
| General | A.B. Wilson (2-18-10) merged and deleted two nearly identical records. There is no mention of Shituru in the vanbrussel Katangan Copperbelt (google maps) database. |
| Deposit | PROJECT UPDATE March 26, 2009 The Purchaser, Touch Lucky Investments Limited, has confirmed its intention to complete the sale. The Purchase price is to be paid in two installments. The first payment is due within one month of the closing date and the second on or before July 21, 2009 http://www.barytex.com/news/index.php?&content_id=72 January 23, 2009 Shituru Sale - Commitment Received IBX and the other shareholders of East China Capital Holdings Ltd. ("ECCH") have received notification from Touch Lucky Investments Limited ("TLIL") that TLIL has completed its due diligence and is committed to proceed with the purchase of ECCH and its interest in the Shituru Project as contemplated by an amended Sales Purchase Agreement ("SPA"). With the commitment, TLIL is to deliver a letter of guarantee of payment of the purchase price and an interest free line of credit to the Company of up to $1.5M USD for use as working capital, which is repayable on March 23, 2009, the closing date for the transaction. Funding from the line of credit is not expected to be available until early February 2009 due to the current Lunar New Year holidays in China. Funding for work programs and obligations are the responsibility of TLIL as of January 22, 2009 but the Company will carry out all work programs on the Shituru Property and maintain ECCH's interest in the Shituru Project until February 22, 2009. Revisions to the SPA include a reduction of the sales price to $12M USD from the $17M USD originally agreed to. The Company's share of the reduced price will be $7.38M USD. http://www.barytex.com/news/index.php?&content_id=69 (data from vanbrussel, GoogleEarth kml database as of 15-feb-2010) |
| Type | Date | Name | Affiliation | Comment |
|---|---|---|---|---|
| Reporter | 21-OCT-83 | Hunter | U.S. Bureau of Mines | |
| Editor | 15-FEB-10 | Wilson, Anna B. | U.S. Geological Survey | merged and deleted 7660001003 = 10305164. |
Supplemental information added by qvyshift.com. Not part of the original USGS MRDS record.