| KGHM aims to start producing copper at Canadian site at end-2018 | |
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WARSAW, May 29 (Reuters) - Poland's KGHM said it was delaying the start of copper concentrate production at the Afton-Ajax open-pit mine in Canada to end-2018 from an initial target of 2015 after it consulted with local residents and decided to expand the project. Europe's second-largest copper producer took over the old mine site in British Columbia in 2012 and plans to invest $795 million to develop and operate it. Canadian firm Abacus is a local partner in the project. Although a 2012 feasibility study mentioned a start date of 2015, KGHM already at that time expected the plan would be delayed, a KGHM spokeswoman said on Thursday. "We knew from the very beginning that sticking to this timing was not our priority. The project has been enlarged, and we also wanted to talk to local people as we're a socially responsible company," the spokeswoman said. "The revised schedule assumes that construction of the mine will start in the middle of 2016, which means a delay in capital investment," KGHM said in a statement. The company forecasts annual production will ultimately amount to 50,000 tonnes of copper concentrate and 100,000 ounces of gold. (Reporting by Marcin Goclowski; editing by Jane Baird)
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Abacus Mining and Exploration
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EXPLORATEUR |
CODE : AME.V |
ISIN : CA0025552096 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Abacus Mining est une société de production minière de cuivre et d'or basée au Canada. Abacus Mining est productrice de cuivre, d'or, d'argent et de palladium au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est AFTON au Canada et ses principaux projets en exploration sont THE MONTE CARLO ZONE, DM AUDRA DEPOSIT, AFTON - AJAX CAMP et RAINBOW au Canada. Abacus Mining est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,4 millions CA$ (1,1 millions US$, 959 244 €). La valeur de son action a atteint son plus haut niveau récent le 07 juin 1996 à 1,66 CA$, et son plus bas niveau récent le 20 avril 2001 à 0,01 CA$. Abacus Mining possède 39 130 000 actions en circulation. |