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Lundin starts commercial production at US nickel/copper mine

Lundin starts commercial production at US nickel/copper mine

Photo by Reuters

25th November 2014

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – Canadian diversified miner Lundin Mining on Monday announced the start of commercial production at the Eagle base metals mine, in Michigan, in the US.

The high-grade nickel/copper mine, which cost about $400-million to develop, reached commercial production two months after start-up on September 23, and managed to beat the company’s target of reaching commercial production status in the first quarter of 2015.

"The team at Eagle mine has done an excellent job in accelerating the ramp-up and delivering commercial operations ahead of expectations. Going forward, the Eagle mine will be significant to the earnings and cash flow of Lundin Mining, and a major employer and economic contributor in northern Michigan,” commented president and CEO Paul Conibear.

Lundin expects Eagle, which is its only US mine, to produce on average about 23 000 t/y of nickel and 20 000 t/y of copper contained in concentrate over the first three full years of operation.

Lundin defines commercial production as the ability to maintain average production metrics of 75% of designed throughput, 75% nickel recovery, and the production of on target grade nickel concentrate (11% to 16%) for a period of 30 days.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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