OceanaGold ships maiden concentrate from Philippines operation
TORONTO (miningweekly.com) – Dual-listed OceanaGold on Tuesday said it had shipped the first concentrate from its Didipio mine, in the Philippines.
The company said the first shipment of about 5 000 dry tons of copper/gold concentrate had left the San Fernando port, en route to Hibi, Japan.
OceanaGold expected the first payment for its concentrate by mid-April.
"Commissioning activities continue to progress well at the Didipio mine. To date, we have produced over 15 000 dry tons of copper/gold concentrate and the first shipment of the Didipio concentrate is another significant milestone for the operations team.
“The process plant continues to ramp-up well and recoveries of copper are approaching steady-state expectations. Gold recoveries are also increasing and will be further boosted as the gold head grade increases,” OceanaGold MD and CEO Mick Wilkes said in a statement.
Transporting the concentrate to the port hit a snag in February, when, as a result of clarifications on tax exemptions sought by the company, some of the trucks used for transporting concentrate were held by local government agencies, forcing the company to temporarily suspend concentrate movements. Transport resumed in March.
OceanaGold said it had about 1 500 dry tons of concentrate at the port, and about 8 800 dry tons of concentrate at the mine site.
The next 5 000 t shipment was expected later this month.
Wilkes said as the company optimised the transportation logistics and regularly shipped concentrate to smelters, it expected to announce commercial operations during this quarter.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















