Proyecto Riotinto expansion, Spain
Name of the Project
Proyecto Riotinto 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 expansion of the Proyecto Riotinto mine to 15-million tonnes a year is about to be finalised.
Mechanical completion is expected in the “next few weeks”. The new flotation and concentrate handling areas are finished and operational, while the new primary crushing area is mechanically finished, with commissioning under way. In the new milling area, mechanical activities are progressing and will be completed in the coming weeks.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Yes.
Contact Details for Project Information
Atalaya Mining, tel +357 2244 2705, fax +357 2242 1956 or email info@atalayamining.com.
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