JOHANNESBURG (miningweekly.com) – ASX- and TSX-listed Tiger Resources on Thursday reported new record monthly production at its Kipoi copper project in the Democratic Republic of Congo (DRC).
Kipoi’s heavy media separation (HMS) plant produced 4 007 t of copper in concentrate in March, a 37% increase on the plant’s nameplate capacity and 4% higher than the previous monthly record of 3 853 t in June 2012.
“The record performance in March highlights the efficiency of the plant and the high calibre of operating staff we have in the DRC. After exceeding guidance in 2012, it’s pleasing to continue that trend with such a positive start to this
year,” Tiger MD Brad Marwood commented.
The company further reported that its production for the quarter ended March 31 amounted to 9 488 t of copper in concentrate, 8.5% higher than nameplate capacity.
Tiger produced 36 966 t of copper in concentrate in 2012 and expected production from Kipoi to reach 37 000 t this year.
The dual-listed company was undertaking a phased development at Kipoi. The Stage 1 HMS plant was expected to produce 113 000 t of copper in concentrate over its 39-month life.
The Stage 2 solvent extraction and electrowinning plant was scheduled to come on-stream next year, Tiger stated.