Asset Report

Tucuma copper mine project

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12 March 2018

Tucuma copper mine project

Report summary

Tucuma is located approximately 200 km from the Carajas Iron District. Project financing has been an issue in the past, but Glencore took a significant stake in the parent company in 2012 and internal financing was a possibility. By 2015 Mineracao Caraiba was planning to exploit this deposit through a conventional open pit mine and a 6.5kt/d (2.31Mt/a) crushing plant and a mill-flotation plant capacity of 1.5Mt/a. A pre-concentration via jigs is to be used to get rid of 800kt/a as waste.

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