https://www.miningweekly.com

Taseko Mines starts copper wellfield operations in Arizona

9th January 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

TSX- and NYSE-listed Taseko Mines has started wellfield operations at its Florence copper project, in central Arizona.

This follows after state operating permits were finalised last year.

The company reported on Tuesday that injection and recovery systems have been fully ramped up. Following initial leaching periods, leach solutions are flowing at expected levels and copper has been detected in solutions recovered from the process wells.

Taseko president and CEO Russel Hallbauer commented that the preliminary tracer tests of the wellfield that were done in the third quarter of 2018 exhibited robust percolation rates through the orebody.

“These results were as good as, and in some cases better than, modeled in the 2017 technical study. The rate at which the dissolved copper is increasing in the leach solution further confirms historical test work and technical data,” he explained.

He added that, with operating costs of $1.10/lb of copper and a low capital cost intensity of $5 200/t of copper capacity, as well as a pre-tax net present value of $920-million, the Florence project would bolster the long-term financial returns of the company.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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