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.
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.
Silver is mainly a byproduct of zinc, lead (and copper) mining and capacity coming back on stream could see return of silver's chronic oversupply issues.
Shares in Seabridge Gold jumps after Toronto company adds 3m ounces gold and 2.1bn pounds copper resources at its KSM project in northern British Columbia.
Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.