Twitter
Linked In
Back Issues
Back Issues
Bulk Materials International
Search
Search
World Cargo News
Filter content by area of interest
Handling Equipment/Systems
Ports & Terminals
Transport & Distribution
Materials & Commodities
Storage
Processing
ICT & Telecoms
Civil Engineering
Environment
Safety & Security
Business
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing these articles with our compliments during the launch of our new website. 


register  or  login  to manage your newsletter preferences and to prevent this message from appearing.

Copper revival boosts Townsville

The refurbishment and restart of one of Australia’s largest copper development projects bodes well for the port of Townsville.

Linked InTwitterFacebook

In December, the port will handle the first of some A$2.5B worth of concentrate exports expected over the initial 10-year mine life.

Capricorn Copper, located in a prolific base metals region, 125 km north of Mt Isa in North West Queensland, acquired the mothballed mine in October 2015, and last year completed a number of technical and economic feasibility studies, resulting in the November 2016 green light for a reopening.

The company, which is jointly owned by private mining company Lighthouse Minerals and specialist resources private equity investor EMR Capital, said it has now achieved first production of high grade, high quality copper concentrate on time and on budget.

The copper price has risen by over 30% since the commencement of the Refurbishment and Restart Project, and the venture expects to produce approximately 30,000 tpa of copper in a high grade and quality concentrate from a 900,000t copper metal resource.

“Capricorn Copper’s restart has had a positive impact for the Northwest minerals province, and the link to Townsville provides the infrastructure and resources for Capricorn Copper to access its international customers,” said Claudia Brumme-Smith, acting CEO of the Port of Townsville.

Linked InTwitterFacebookeCard

Latest Features

Eco-friendly bulker twins set sail

Geelong cements Boral agreement

A new port for Mozambique?

Rhine port delivery

Linked In
Twitter

© 2018 WCN Publishing Ltd
24 Bridge Street, Leatherhead,
Surrey KT22 8BX, England.

Linked In
Twitter