Proyecto Riotinto copper mine expansion, Spain
Name of the Project
Proyecto Riotinto copper mine expansion.
Location
Spain.
Project Owner/s
Atalaya Mining.
Project Description
Atalaya has approved the 15-million-tonne-a-year expansion plan at Proyecto Riotinto.
The expansion plan is designed to upgrade processing facilities to increase copper production to between 50 000 t/y and 55 000 t/y.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Management expects the expansion project to result in an incremental post-tax net present value, at an 8% discount rate, of $113-million, and a post-tax internal rate of return of about 43%, assuming a $3/lb copper price, an $18/oz silver price and a dollar:euro ratio of 1.15.
Capital Expenditure
The capital cost of the project has been estimated at €80.4-million.
Planned Start/End Date
Nominal production during the first half of 2020.
Latest Developments
The regional authorities of the Junta de Andalucía have validated the environmental permits for Proyecto Riotinto, ending a legal process that started a year-and-a-half ago.
In September 2018, the Tribunal Superior de Justicia de Andalucía ruled in favour of an environmental group against the government of Andalucía (JdA). Atalaya was a codefendant in the case, which stems from a 2014 legal claim from Ecologistas en Accion seeking that the JdA overturn the unified environmental declaration (AAU) that was required for the mining permits for Proyecto Riotinto.
The validation of the AAU is a required step towards the automatic revalidation of the mining permit for Proyecto Riotinto.
Atalaya achieved the planned 15-million-ton-a-year throughput rate for the mine during March, following an expansion from the previous 9.5-million-ton-a-year rate.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Atalaya Mining, tel +357 2244 2705, fax +357 2242 1956 or email info@atalayamining.com.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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

















