https://www.engineeringnews.co.za

Northparkes life extension project approved – China Molybdenum

Northparkes life extension project approved – China Molybdenum

Photo by Reuters

25th July 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – The life-of-mine extension at the Northparkes copper/gold mine, in New South Wales, has been approved by the federal and state governments, the operating arm of China Molybdenum said on social media.

China Molybdenum acquired an 80% shareholding in the project from mining major Rio Tinto in 2013, in a deal worth $820-million.

“Northparkes has received full approval for our mine life extension project which extends our mine life until 2032,” Northparkes said online.

The Northparkes mine has been operational since 2004, and covers some 10 314 ha of land, with the mining lease covering 1 630 ha. The operation consists of underground block cave mines and an ore processing plant producing high-grade copper and gold concentrate, which is railed to Port Kembla and shipped to smelters in Japan and China.

The project currently has a Joint Ore Reserves Committee-compliant reserve of 107.5-million tonnes of ore, at 0.81% copper equivalent, for 667 000 t of copper. The project also has a measured and indicated resource of 471-million tonnes, at 0.70% copper for 2.67-million tonnes of copper.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

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:0.071 1.201s - 140pq - 2rq
Subscribe Now