- Write by:
-
Monday, December 21, 2020 - 11:04:56 PM
-
502 Visit
-
Print
Mining News Pro - Lundin Mining announced on Monday the return to full production rates at its Chapada copper and gold mine in northern Brazil.
The company withdrew its 2020 production, cash cost and capital expenditure guidance for Chapada in September, after a power outage caused damage to all four of the operation’s SAG and ball mill motors.
“Return to full processing capacity was achieved following the installation of the remaining repaired motor on the ball mill on December 20, 2020,” Lundin said in a press release.
“The processing plant achieved approximately 35% of nameplate capacity while operating only the SAG mill and throughput further improved mid-November with the installation of a single motor on the ball mill.”
Production of both copper and gold have already achieved the lower bound of the 2020 guidance range of 45,000-50,000 t of copper and 80,000-85,000 oz of gold from the mine.
“Chapada is well-positioned to deliver 2021 guidance having used the opportunity to accelerate maintenance, build run of mine ore stockpile and advance waste removal and development activities,” Lundin said.
Midday Monday, Lundin’s stock was up 0.3% on the TSE. The company has a C$7.6 billion market capitalization.
Short Link:
https://www.miningnews.ir/En/News/609821
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly ...
Copper needs to reach $12,000 a ton — a 20% jump from this week’s high — to incentivize large-scale investments in new ...
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of ...
Aurubis AG, Europe’s largest refined copper producer, has started a project in its Bulgarian smelter which will expand ...
No comments have been posted yet ...