CUDECO MINE TRANSITIONS TO PRODUCTION

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.

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

‘Devastated’ boss of collapsed Pivotal Homes warns that risk has swung against builders

‘Devastated’ boss of collapsed Pivotal Homes warns that risk has swung against builders

The devastated boss of collapsed Gold Coast homebuilder Pivotal Hom...

PEXA purchases 25 per cent stake in AI fintech company Elula

PEXA purchases 25 per cent stake in AI fintech company Elula

In a bid to bolster its fintech offering, online property exchange ...

Telus why: $1.2 billion takeover of Appen revoked “without explanation” after just eight hours

Telus why: $1.2 billion takeover of Appen revoked “without explanation” after just eight hours

It took just eight hours for Canadian telco giant Telus to revoke i...

REMI Capital goes from spruiking for investors to $70m collapse in months

REMI Capital goes from spruiking for investors to $70m collapse in months

Just months ago, boutique investment company REMI Capital was encou...