https://www.miningweekly.com
Copper|Installation|Mining
Copper|Installation|Mining
copper|installation|mining

‘Technical’ year ahead for Central Asia Metals as it moves to cut, fill mining

9th January 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Aim-listed Central Asia Metals (CAML) managed to exceed its yearly guidance at the Kounrad copper recovery plant, in Kazakhstan, producing 13 771 t in 2019.

This while production at the Sasa mine, in north Macedonia, reached the top end of the guidance range at 23 360 t zinc and 29 201 t lead.

The Kounrad plant produced 14 049 t of copper in 2018, while the Sasa mine’s output was 22 532 t zinc and 29 388 t lead in 2018.

The company ended the year off with $32.4-million in cash, while its gross debt stood at $108-million.

CEO Nigel Robinson said 2019 had been a productive year at Sasa and that many improvements had been made on site, including installation of a new tertiary crusher, which should aid increased production in 2020.

“We intend to transition to cut and fill mining in the next few years, which results in a busy year of technical studies while we finalise plans during 2020,” he confirmed.

CAML had set its guidance for this year at between 12 500 t and 13 500 t copper, between 23 000 t and 25 000 t zinc and between 30 000 t and 32 000 t lead.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.05 0.078s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: