https://www.engineeringnews.co.za

Proyecto Riotinto copper mine expansion, Spain

15th May 2020

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

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.

 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

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

Showroom

Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

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:0.054 1.233s - 147pq - 2rq
Subscribe Now