CUDECO'S ROCKLANDS PROJECT GAINS MOMENTUM

Written on the 4 July 2016

CUDECO'S ROCKLANDS PROJECT GAINS MOMENTUM

LISTED copper miner CuDeco (ASX:CDU) has taken a major step in the advancement of its first concentrate production at its Rocklands project.

The company has announced the commencement of ore feeding into the ball mill with a 60 per cent load, claiming this is "the most important step" in allowing primary ore to the flotation circuit to achieve production of the first sulphide concentrates expected this month.

The ball mill production will be ramped up to 100 per cent over the coming weeks, while the first shipment of sulphide concentrate is still on track to be delivered in September or October.

This news comes just weeks after CuDeco announced it had received a significant boost by one of its major shareholders, who signed a deal for the offtake of all native copper.

The term sheet between the Gold Coast-based miner and China Oceanwide International Investment Co had a payable value of no less than 96.5 per cent of contained copper at Cloncurry.

CuDeco managing director Dianmin Chen says the company is determined to continue ramping up the production at Rocklands as safely and quickly as possible, to ensure rapid delivery of its economic benefits to shareholders.

"Today's milestone is another important step in the completion of this valuable new project for North Queensland, which is now operating around the clock in two 12 hour shifts per day," says Chen.

"It is an exciting time for all involved to expect the first concentrate produced from Rocklands."

Recently the Queensland Minister for State Development and Minister for Natural Resources and Mines visited the Rocklands site, which CuDeco says highlights the important government support for the project.


Latest News

MEGAPORT TARGETS GLOBAL EXPANSION WITH $27.8M CAPITAL RAISING

MEGAPORT Limited (ASX: MP1) will complete a $27.8 million capital raising to assist in expanding the group's plat...

SCA PROPERTY GROUP BUYS THIRD GOLD COAST SHOPPING CENTRE FOR $46 MILLION

SCA Property Group has acquired the Worongary Town Centre for $46.3 million, bringing the total number of Gold Coa...

DOWNER EDI GRABS MORE THAN 50 PER CENT STAKE IN HOSTILE TAKEOVER TARGET SPOTLESS

DOWNER EDI Limited (ASX: DOW) now holds more than 50 per cent of Spotless Group Holdings Limited's (ASX: SPO) sha...

ACCODEX AIMS TO RAISE $5 MILLION CAPITAL, AWARD FOR CEO A CHERRY ON TOP

ACCOUNTANT Chris Hooper has never been one to shy away from voicing his opinion when it comes to the state of his ...

Related News

DOWNER EDI GRABS MORE THAN 50 PER CENT STAKE IN HOSTILE TAKEOVER TARGET SPOTLESS

DOWNER EDI Limited (ASX: DOW) now holds more than 50 per cent of Spotless Group Holdings Limited's (ASX: SPO) sha...

STRUGGLING TEN NETWORK IS 'CASH POSITIVE' AND CAN BE SAVED, ADMINISTRATOR SAYS

THE ADMINISTRATORS of the Ten Network say the struggling broadcaster has cash to continue operating and have also ind...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter