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Hillgrove to launch operational review

22nd October 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Copper miner Hillgrove Resources on Tuesday said that the company would undertake a further strategic review of its operations during November, following operational improvements at its Kanmantoo mine in the Adelaide Hills region of South Australia.

Earlier this year, Hillgrove switched from a contract operation to an owner-operator model at Kanmantoo in an effort to cut back on costs.

Ramp-up of the Kanmantoo operation is continuing and the plant is now running at near-maximum capacity, with an average throughput rate of 9 400 t/d of ore during October.

The company said that its board would start a further strategic review over several areas of corporate development, including the overall strategy and board composition, with a clear focus on continuing to improve shareholder value.

Edited by Creamer Media Reporter

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