Chile approves Capstone’s Santo Domingo EIA
TORONTO (miningweekly.com) – Base metals miner Capstone Mining has received approval of the environmental-impact assessment (EIA) for its 70%-owned Santo Domingo iron oxide/copper/gold project, in Region III, Chile.
The approved project included the construction of a mine, related infrastructure, copper and iron processing facilities, the development of a greenfield port and iron concentrate and seawater supply pipelines, as outlined in the July 2014 feasibility study.
"We are following a disciplined stage-gate approach and are moving the project forward in a phased manner, focusing on the copper portion of the project first, with the option to add iron facilities should the outlook for that market improve,” Capstone president and CEO Darren Pylot explained in a statement.
Capstone reported that it had completed internal analysis on a phased approach, which considered initial copper output at a reduced throughput rate of 30 000 t/d to 35 000 t/d and would advance the analysis to a feasibility study to determine the economic returns for this option.
A revised budget was currently being developed, but was expected to be at or below Capstone's initial 2015 guidance. The revised budget would be disclosed once it has been finalised, the company added.
Both Capstone's project partners Korea Resource Corporation and Posco E&C were supporting the phased approach and budget.
Capstone said its decisions regarding the Santo Domingo project were targeted at increasing the value of the project while ensuring financial flexibility for continued growth and security for the company's existing operations.
The decision on how and when to proceed with the project would reflect, among other factors, general and project specific market conditions, the financing capacity of Capstone and the project, project economics as well as alternative investment opportunities available to the company.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















