Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition, exploration, development, mining and processing of precious metals.
DPM’s principal subsidiaries include:
- Dundee Precious Metals Chelopech (Chelopech), which owns and operates a gold, copper and silver mine located east of Sofia, Bulgaria;
- Dundee Precious Metals Kapan (Kapan), which owns and operates a gold, copper, zinc and silver mine located in Kapan in southern Armenia;
- Dundee Precious Metals Krumovgrad (Krumovgrad), focused on the development of a gold property located in Krumovgrad in southeastern Bulgaria; and
- Dundee Precious Metals Tsumeb (Tsumeb), which owns and operates the company’s concentrate processing facility located in Tsumeb, Namibia.
Dundee Precious Metals Tsumeb:
Dundee Precious Metals Tsumeb (Pty) Limited (DPM Tsumeb) is located in Tsumeb, Namibia approximately 430km north of the capital, Windhoek. Tsumeb is the closest town to the Etosha National Park and has a population of 14 000 people. The smelter was constructed in the early 1960’s to process concentrate from the Tsumeb copper mine and is one of only five commercial-scale smelters in Africa. It is linked by rail to the Atlantic port of Walvis Bay in Namibia. The facility consists of two primary smelting furnaces, the old reverberatory furnace, as well as the refurbished Ausmelt furnace and employs close to 600 people, including contractors.
The smelter is one of only a few in the world which is able to treat arsenic and lead bearing copper concentrates and is therefore able to conclude long term favourable contracts to treat such concentrates. Both blister copper and arsenic trioxide (As2O3) are produced from the concentrates. The blister copper is delivered to refineries for final processing and the As2O3 is sold to third party customers.
Tsumeb Smelter has become a major custom smelter with brown-fields expansion potential. It produces blister copper (98.5% Cu) and has the ability to treat complex copper concentrates.