https://newsletter.en.creamermedia.com
Copper|Dewatering|Mineral Processing|Mining|PROJECT|Road|Water|Operations
Copper|Dewatering|Mineral Processing|Mining|PROJECT|Road|Water|Operations
copper|dewatering|mineral-processing|mining|project|road|water|operations

Mining restarts at Capricorn

1st August 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed 29Metals has restarted mining activities at the Mammoth and Greenstone deposits, as well as the mineral processing operations at its Capricorn copper project, in Queensland.

The company in early March halted production and all non-essential activity at the copper operation, as road access was lost and heavy rainfall resulted in a substantial increase in the volume of water held on site.

In May, 29Metals unveiled its recovery plan, with Phase 1 to focus on the Mammoth and Greenstone mines, which were operationally ready.

Phase 2 of the restart strategy would focus on the Esperanza South operation, with dewatering and rehabilitation efforts at the mine to be undertaken during Phase 1 to enable full recovery operations during Phase 2.

29Metals was expecting recovery costs to reach between A$30-million and A$38-million between the September quarter and the end of the year, with a further A$17-million to A$20-million of recovery costs planned for the mid-first half of 2024, the company told shareholders.

In terms of production outlook, the company is targeting between 4 000 t and 6 000 t of copper production and between 20 000 oz and 30 000 oz of silver production from Capricorn between the September quarter and the end of 2023, with production reaching between 3 000 t and 4 000 t of copper and between 8 000 oz and 12 000 oz of silver to the midpoint of the first half of 2024.

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (17/01/2025)
17th January 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.166 0.255s - 192pq - 2rq
Subscribe Now