Khoemacau mine will initially produce 50,000 tonnes of copper and 1.4 million ounces of silver a year, but future expansions could increase output to at least 120,000 tonnes of copper annually.
A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.
The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.