https://www.engineeringnews.co.za

Atalaya ups guidance following record Q3

The Proyecto Riotinto mine, in Spain, reported record third-quarter output.

The Proyecto Riotinto mine, in Spain, reported record third-quarter output.

10th October 2018

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Copper production at the Proyecto Riotinto mine has exceeded Atalaya Mining’s expectations, prompting the Aim- and TSX-listed miner to increase its full-year guidance by 2 000 t.

Proyecto Riotinto, in southwest Spain, delivered its highest-ever copper production of 11 055 t in the third quarter of 2018, compared with 10 679 t in the comparable period of 2017 and 10 446 t in the second quarter of this year.

This is the second consecutive quarter that copper production exceeded 10 000 t.

In terms of ore milled, 2.5-million tonnes were processed in the quarter, while the copper head grade slightly exceeded planned levels.

Atalaya attributed the increase in copper production to the higher-than-budgeted head grade, ore milled and better metallurgical recoveries, which averaged 88.40% in the three months.

The new full-year guidance is 39 000 t to 41 000 t, compared with a previous target of 37 000 t to 40 000 t.

Reporting on the expansion of Riotinto to 15-million-tonnes-a-year, Atalaya said that the project was progressing according to schedule, with overall completion at the end of September estimated to be 65%.

The expansion is scheduled for mechanical completion at the end of the second quarter next year.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.046 0.76s - 140pq - 2rq
Subscribe Now