https://www.miningweekly.com

Tiger increases full-year guidance

28th October 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Dual-listed copper miner Tiger Resources has flagged an 85% increase in its 2014 production guidance, following the completion of life-of-mine grade control drilling at its Kipoi project, in the Democratic Republic of Congo.

The Stage 1 heavy media separation (HMS) plant is now expected to produce 39 000 t of copper in concentrate during 2014, up from the previous guidance of 21 000 t. Operating costs are forecast at A$0.30/lb of copper.

Tiger on Monday also reported record production of 12 123 t of copper in concentrate from its HMS operations at Kipoi, bringing its year-to-date production to 32 728 t.

The Kipoi project mined 327 858 t of high-grade ore, with a record 263 681 t of ore processed during the three months to September. The record copper-in-concentrate production was within guidance.

A total of 51 583 t of concentrate was sold, generating a revenue of A$55.5-million, at an average realised copper price of A$6 819/t during the quarter. Around 68% of the concentrate was sold under existing offtake contracts, with the balance exported to China.

Tiger noted that construction of the Stage 2 solvent extraction and electrowinning plant started in January this year, and was on schedule for first copper cathode production by the second quarter of 2014.

The ASX- and TSX-listed company was hoping to produce some 25 000 t of copper cathode in the first full 12 months of production.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

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:0.053 0.942s - 134pq - 2rq
Subscribe Now