- Write by:
-
Saturday, January 11, 2020 - 10:43:57 AM
-
821 Visit
-
Print
Mining News Pro - First Quantum Minerals has set its production guidance for the previously mothballed Ravensthorpe mine in Western Australia.
According to Mining News Pro - The company targets a nickel production of 15,000 to 20,000 tonnes from Ravensthorpe this year.
This is estimated to climb to 25,000 to 28,000 tonnes in 2021 and set to be maintained through to 2022.
First Quantum restarted operations at the Ravensthorpe mine this month with MACA appointed as the open pit mining contractor.
Works under the contract include drilling and blasting, and loading and hauling.
“Production at Ravensthorpe is expected to ramp up through 2020,” First Quantum president G. Clive Newall said.
“In the first two full years of production, 2021 and 2022, C1 (net direct cash cost) and all-in sustaining cost costs are expected to be between $C4.60–$4.80 ($5.14–$5.36) per pound and $C5.10–$C5.40 per pound respectively.”
First Quantum has planned Ravensthorpe’s restart operations and refurbished its atmospheric leach reactors since the March quarter of last year.
The Canadian-based company originally bought the nickel mine from BHP for $US340 million in 2011 after it was shut down in 2009.
Under First Quantum’s management, the Ravensthorpe mine, again ceased operations in October 2017 due to market challenges and has since been placed on care and maintenance.
Short Link:
https://www.miningnews.ir/En/News/471283
Mining News Pro - Jiangxi Copper sold 1.2 million shares in First Quantum Minerals last week according to SEDI filings, ...
Mining News Pro - Glencore told the Zambian government this week that it wants to keep operating its Zambian copper ...
Mining News Pro - Miner First Quantum Minerals is considering selling a minority stake in its flagship Cobre Panama ...
Mining News Pro - Royalty and streaming company Franco-Nevada just had its best year ever, reporting revenue of $844.1 ...
Mining News Pro - Zambia is planning a law to compel mining companies to give local suppliers a fair share of ...
Mining News Pro - First Quantum Minerals has signalled the potential comeback of its Ravensthorpe nickel-cobalt ...
Mining News Pro - It’s been a rough haul for Freeport-McMoRan, but the future may be looking up.
No comments have been posted yet ...