CUDECO MINE TRANSITIONS TO PRODUCTION

Written on the 12 July 2016

CUDECO MINE TRANSITIONS TO PRODUCTION

CUDECO'S (ASX:CDU) flagship Rocklands project is another step closer to production after the copper mine produced its first concentrate.

The Gold Coast-based company will gradually increase the mill feed and continue to enhance plant performance as it transitions towards commercial production.

Ore slurry from the ball mill was put through the flotation circuit, thickener and then the filter plant during testing last week. The company is confident all circuits are working, following production of native copper in June.

CuDeco managing director Dianmin Chen says the successful outcome marks another win for the company.

"Today's milestone is another important step for Rocklands as we build confidence in the successful completion of its construction and commissioning towards commercial production and delivery of near-term cash flow," Chen says.

"It has been a great effort by operators, management staff and contractors and I congratulate all involved for this important achievement.

"We continue to focus on ramping up production as quickly and as safely as possible, to generate shareholder value while maximising economic benefits for all stakeholders."

CuDeco is on track to deliver its first shipment of native copper in July and first shipment of sulphide concentrates in late September or early October to the export market.

The company finalised a term sheet for the offtake of all native copper from Rocklands with major shareholder China Oceanwide International Investment Co. last month.

 


Latest News

OROTON GOES CLICKS AND BRICKS AS PROFITS SLIDE

TWO former Aussie lawyers have turned their passion for fashion into a $15 million dollar international business six ...

MANTRA'S SHARE PRICE SURGE INDICATES 'SUITORS ARE CIRCLING' THE HOTEL GROUP

THE rumour mill surrounding a high-level takeover of Mantra Group (ASX: MTR) is in full production with its shares su...

MELBOURNE CBD GEMS SELL FOR $17 MILLION, MARKING A NEW PROPERTY HOTSPOT

LITTLE Lonsdale Street in the heart of Melbourne's CBD has become a favourite for investors in 2017, following th...

CAN GOOGLE RECOVER FROM GLOBAL CONTROVERSY OVER ITS PROGRAMMATIC ADVERTISING SYSTEM?

IT'S the story that has rocked the world of advertising. The lucrative Google (NASDAQ: GOOGL) advertising system ...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter