The proposed Boleo project comprises an underground mine, supplemented by production from a series of open pits to feed 3.1Mt/a of ROM ore to a hydro-metallurgical facility designed to produce up to 55kt/a of cathode grade copper, 2.2kt/a of cobalt cathode and 45kt/a of zinc sulphate. The area of the proposed project was previously exploited for its copper reserves from 1888 until 1972 with approximately 18Mt of ore treated...
This Copper Metals Mine report provides a detailed analysis of the cost profile, geology, reserves and future production for this mine, as well as a detailed location map.
Copper producers, advisors and financial companies can use this report to better understand asset value and efficiency of the operation. It will also help you benchmark against similar mines, identify acquisition opportunities and examine evolving cost structures to strengthen business strategies.
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The proposed Boleo project comprises an underground mine, supplemented by production from a series of open pits to feed 3.1Mt/a of ROM ore to a hydro-metallurgical facility designed to produce up to 55kt/a of cathode grade copper, 2.2kt/a of cobalt cathode and 45kt/a of zinc sulphate.
The area of the proposed project was previously exploited for its copper reserves from 1888 until 1972 with approximately 18Mt of ore treated. Ore was mined underground from thin seams using labour-intensive methods and a low-level of mechanisation. Ore was sent for direct smelting, and anything under 3% copper was considered waste. No previous attempt was made to remove zinc and cobalt.
A feasibility study for potential production of 100kt/a manganese in the form of a carbonate was scheduled to begin in H1 2011. This study has yet to be undertaken. Manganese production has been excluded from the accompanying analysis until the viability of the proposed extraction process is supported by a technical report.
As of October 2011, construction was reported to be underway, and the first stage of surface and underground mining activities had commenced. Production was expected to ramp up over 18 months and first commercial production was originally scheduled for 2013.
By end-September 2014, total capital expenditure incurred was $1.751 billion and it was estimated that a further $200 million was required to bring the project to commercial production. These estimates have been includes in the accompanying analysis.
The accompanying analysis assumes 20 Kt of copper cathode will produced in 2015.
Reserves and resources
In this report there are 3 tables or charts, including:
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Asset report | Nov 2015
Boleo SxEw copper mine project
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