Ivanhoe Australia delivers on target
PERTH (miningweekly.com) - Copper/gold producer Ivanhoe Australia has remained well within its targeted expectations during the three months to December, with the miner producing some 4 322 t of copper and 6 013 oz of gold.
Production at the Osborne copper/gold operation also performed within expectations, with mill throughput for 2012 reaching 789 000 t of ore, within the announced target range of between 700 000 t and 800 000 t.
Since the start of operations at Osborne, in late February, concentrate sales have also met planned volumes, Ivanhoe said, with four shipments by year-end and sufficient concentrate stock available for a fifth shipment.
The fifth shipment, which had been scheduled for late December, had been deferred until January owing to transport constraints around the holiday period.
Ten shipments were planned for 2013.
Meanwhile, the miner noted that it was on track to deliver cost savings to its proposed Merlin molybdenum and rhenium project by the second quarter of 2013, as it continued a review on the project’s capital and mining costs.
Ivanhoe said that the mining review had suggested that there was a potential to alter the planned mining methodology in parts of the orebody to reduce mining costs and increase yearly mining volumes; however, it added that further work was required to confirm these initial results.
A sales and marketing strategy for the project was also launched, which Ivanhoe said would provide insight into both the molybdenum and rhenium markets.
The A$345-million Merlin project could support a 15-year life and would produce an average of 5 100 t of molybdenum and 7 300 kg of rhenium a year for the first seven years following ramp-up.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...
VISIT SHOWROOM
Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...
VISIT SHOWROOM
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
