https://www.miningweekly.com
Construction|Copper|Design|Engineering|Exploration|Gold|Mining|PROJECT|Environmental
Construction|Copper|Design|Engineering|Exploration|Gold|Mining|PROJECT|Environmental
construction|copper|design|engineering|exploration|gold|mining|project|environmental

Cordoba to start engineering, design work at Colombia project in early 2024

The Alacran project area

The Alacran project area

19th December 2023

By: Chanel de Bruyn

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Minerals exploration company Cordoba Minerals Corp plans to start detailed mine engineering and design work at its flagship joint venture (JV) Alacran copper/gold project, in Colombia, in early 2024, after a feasibility study confirmed the project's economic attractiveness.

The feasibility study estimates an initial capital expenditure of about $420.4-million for the construction of a conventional truck-shovel openpit mine at Alacran, which is a JV with  JCHX Mining Management.

The project is estimated to have an after-tax net present value of $360-million, an internal rate of return of 23.8% and a payback period of three years.

Alacran has a projected mine life of 14.2 years and is expected to produce about 39.5-million tonnes a year of mined material.

The information from the feasibility study forms the basis for a comprehensive environmental-impact assessment (EIA) study, which is required under Colombian law.

"The filing of the EIA in conjunction with the completion of the feasibility study for Alacran officially commences the next chapter for Cordoba as we transition from a pure exploration company to a development enterprise, which is a landmark milestone achieved through the unequivocal dedication by the Cordoba team and unwavering support from our shareholders and stakeholders," comments Cordoba president and CEO Sarah Armstrong-Montoya.

In preparation for detained mine engineering and design work to start, Cordoba and JCHX has scheduled an in-person workshop for January to initiate the detailed engineering phase.

Meanwhile, Cordoba reports that it has initiated a comprehensive process to assess funding options for the project.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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







sq:0.154 0.193s - 128pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: