The Isamill a Great Australian Mining Innovation Past, Present, Future

Total Page:16

File Type:pdf, Size:1020Kb

The Isamill a Great Australian Mining Innovation Past, Present, Future The IsaMill A Great Australian Mining Innovation Past, Present, Future N. W. Johnson Principal Consultant Mineralis Consultants Pty Ltd 1 CONTENTS 1. PAST Historical setting for McArthur River deposit* – 1955 to 1980 Development Program that commenced in 1989 *IsaMill technology developed for the McArthur River deposit 2. PRESENT IsaMill – Contributions to the present metallurgical landscape 3. FUTURE IsaMill – Possible directions for the future Relevant Companies: MIM Holdings Limited (Mount Isa Mines Limited) (McArthur River Mining Pty Ltd) Xstrata, Glencore 2 Location of McArthur River Mine (HYC Deposit) Geological location – Carpentaria Inlier (from brochure of McArthur River Mining Pty. Ltd.) 3 McArthur River stratiform Zn-Pb deposit in Carpentaria Inlier Background to the deposit 1. Discovered by geologists of Mount Isa Mines Limited in 1955. 2. Large stratiform Zn-Pb-Ag deposit by world standards: Open pit 227Mt 9.2% Zn, 4.1% Pb, 41 ppm Ag 3. Exposed only to low level metamorphism, hence minimal grain size increase. Mean grain size No. 2 O/B (µm): PbS <3, (Zn,Fe)S 36, FeS2 43, NSG 9 4. Contains a portion of its pyrite in the “carbonaceous pyrite” form (naturally hydrophobic), a property it shares with other stratiform Zn-Pb-Ag deposits in the Carpentaria Inlier (e.g. Mt. Isa, George Fisher, Century Zinc, Dugald River) Development thwarted up to 1980 by: 1. Lack of infrastructure in the isolated region i.e. increased capital costs 2. High capital costs for additional reasons, including O/B being underneath a major river (diversion needed if open pit) 3. Fine grained nature of the mineralisation (a metallurgical problem) 4 Background – McArthur River zinc/lead/silver deposit • Mid 1960’s “Light on the hill” in difficulty - UQ lecturers in U/G courses • 1966 - permanent accommodation at the site and access for larger metallurgical samples • Mount Isa pilot plant trials on McArthur River ore (1961/66/67/68) • Circuit development also sought in Australian and overseas laboratories • By late 1970s to 1980, a complete large pilot plant (50 tonnes/day) existed at the McArthur River lease in the N.T. and a major run in 1977/78 (18 months)* • Impetus to create company Hydrometallurgy Research Lab (Albion, Brisbane) *K. Miller, 1980. The McArthur River, N.T., zinc-lead prospect of M.I.M. Holdings, in Woodcock JT (ed.), Mining and Metallurgical Practices in Australasia, The Sir Maurice Mawby Memorial Volume, AusIMM, 182-183. 5 Reason for a new McArthur River Development Program commencing August 1989 (after limited activity for a decade) • Northern Territory Government indicated a strong desire for development of the deposit • Otherwise, the leases may be stripped from MIM Holdings 6 Concept for Development Phase commencing 1989 supplied by Brisbane Office of MIM Holdings (Given persistent low metal prices, greenfield projects required mid-teens %Zn in feed to be economic then.) • Metallurgical development to be done by Mineral Processing Research Section at Mount Isa • Open pit 227Mt 9.2% Zn, 4.1% Pb, 41 ppm Ag reclassified to U/G mine 104Mt 14.1% Zn, 6.4% Pb, 63 ppm Ag • Modest output U/G mine (no river diversion needed as no open cut) • Selective mining of the highest head grade ore-bodies near the bottom of the sequence (2 O/B, part of 3 O/B and 4 O/B) • Emphasis on Zn, not Pb; Imperial Smelting Furnace (ISF) for concentrate treatment and production of Zn within the project scope • Less ambitious and potentially much lower capital cost as capital for river diversion avoided, plus lower throughput; elevated zinc assay in feed. 7 The initial metallurgical approaches for the Development Phase commencing in 1989 for McArthur River ore 1. “Coarse” feed to rougher (P80 of 45 µm) to minimize initial grinding of high tonnage stream: - recovery in rougher step(s) of sphalerite/galena bearing composites mainly - rejection of liberated non sulphide gangue (NGS) and liberated pyrite to final tailing 2. Regrinding of rougher concentrate(s) to a size to be determined which provided sufficient liberation for preparation of a commercial concentrate. 3. Production of the following product(s) - Zn/Pb bulk concentrate* - Zn/Pb bulk concentrate* + zinc concentrate - other possible product combinations *for Imperial Smelting Furnace (ISF) technology 8 The McArthur River ore texture (discovered 1955) 9 Comparison of some major fine grained Pb/Zn Deposits – Rougher feed liberation level at stated sizing Reference: Johnson and Brown, 1990. An Assessment of McArthur River No. 2 Orebody, Research and Development Division of Mount Isa Mines Limited and Met Engineers of Canada, June. 10 Steps in the Development Phase (Laboratory Work) 1. 1989-90: Initial stage, regrinding to 15 µm (ball mill, inert media). Evaluation of concentrate quality (marketing study) – must regrind to 7µm. 2. Mid-1990: Purchase of laboratory batch bead mill (i.e. a stirred mill with inert media) with much increased capability. 3. 1990-91: Second stage of laboratory work with regrind to 7 µm. Allowed preparation of a commercial Zn/Pb bulk concentrate. 11 Development Phase Output: Circuit for McArthur River ore Typical results: Pb Zn Ag Silica Conc. 13% 40% 130ppm 4% Grade Conc. 64% 84% 63% - Recovery 12 Steps in the Development Phase (Pilot Plant Scale Testing of circuit followed by Plant Scale Testing of IsaMill in Existing Concentrators) 1. 1992: Pilot Plant Testing of proposed circuit, including regrinding to 7µm: - 100 litre Netzsch high speed horizontal stirred mill - 400 litre Metprotech vertical stirred mill Decision by the company to proceed with project. Selected Netzsch technology for regrinding; pilot plant operation revealed extensive changes were needed. 2. 1992-93: Development of IsaMill technology by extensive modification/enlargement of Netzsch bead mill to give a mill of 3000 litres (6 times > largest Netzsch mill). New application: “coarse” product sizing, high tph and low value product. 3. 1993-94: Staged testing of modifications/enlargement in 2 Mount Isa plants. 4. 1995: Start-up of McArthur River operation with 4 x 3000 litre IsaMills. 13 McArthur River operation commenced in 1995 with four IsaMills (3000 litres) for regrinding – a key aspect of metallurgical solution (Note: end of mill nearest camera is the discharge end) 14 Operating Principle (Note: 6 times larger than previous Netzsch horizontal stirred mills, patented product separator, different media/lining materials) GRINDING MECHANISM & MEDIA RETENTION Shaft rotating at high speeds generating disc tip Multiple stages of grinding speeds ~ 20 m/s Impeller pumps liquid back into chamber to retain media Displacement Body Grinding Disks Product exit Grinding Shaft Chamber PATENTED PRODUCT SEPARATOR Recirculating grinding patterns of media Rotor occur between disks due to variation in Media centrifuged to outside of grinding velocity profile across disks chamber by high centrifugal force generated inside mill CLASSIFICATION ZONE 15 Used with permission of Glencore Technology IsaMillTM Technology Growth (y axis - Cum. Installed Power, x axis - Years) 150 GREEN - M1000 & M500 140 Penasquito II (Goldcorp) BLUE - M 3000 Xstrata Cu-Antapaccay Leinster Nickel (BHPBilliton) RED - M 10,000 Climax Xstrata Cu-EHM 130 Penasquito I (Goldcorp) Red Dog Lonmin EP-C Thompson Creek Anglo Platinum BRPM Cosmos Dominicana Gold Somincor 120 Anglo Platinum PPRust North UFG Boynton Eldorado Gold 110 Anglo Platinum PPRust North Somincor Anglo Platinum Waterval Retrofit UFG 100 Anglo Platinum Waterval Retrofit 90 Anglo Platinum Amandelbult UG2 #1 Anglo Platinum Amandelbult Merensky Plant 80 Anglo Platinum Amandebult UG2 #2 Anglo Platinum Amandebult UG2 #2 70 McArthur River 60 Oceana Gold Prominent Hill Caribou Anglo Platinum Waterval UG2 50 Phu Kham Anglo Platinum PPL-A/B 40 Anglo Platinum PPL-C Cumulative Installed Power (MW) Installed Cumulative Centerra Gold Kumtor Lonmin EP-C 30 Phelps Dodge Morenci Anglo Platinum WLTRP KCGM Fimiston 20 McArthur River Expansion KCGM Gidgi George Fisher 10 McArthur River M10,000 Development TM Mt Isa Pb Circuit IsaMill Commercialisation 0 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 Used with permission of Glencore Technology 16 THE PRESENT 17 Developments in applications – IsaMill Initial Application – Very fine grinding Later Additional Applications 1. Normal regrinding 2. MIG – Mainstream Inert Grinding (10000 litre mill development) 3. Last stage of primary grinding (feeds up to 300 micron – 80% passing size) Note: Examples of 1 and 3 exist now at McArthur River site, in addition to very fine regrinding (see later slide). 18 Developments in volume of grinding chamber - IsaMill M10,000 M3,000 M500 M100 Used with permission of Glencore Technology 19 McArthur River operation – original and expanded circuits Note: Circuit expansions allowed some increase in cleaner stages. * Chadwick, 2013. Giant breaking strides, International Mining, February 2013, 68-83. * 2.5Mt/yr feed, 5.5Mt/yr after further expansion 20 McArthur River site – two examples of wider applications (Primary grinding section and normal regrinding, beyond original very fine regrinding) Duty At Commencement After Expansion* (1995) (2013) 1. Last stage of - 2 x M10000 primary grinding (150 to 45 µm*, P80) 2. Normal regrinding - 2 x M10000 3. Very fine regrinding 4 x M3000 6 x M3000 * Chadwick, 2013. Giant breaking strides, International Mining, February 2013, 68-83. 21 MIG - Mainstream Inert Grinding (Anglo Platinum, South Africa) (Step increase of 4% to 6% in recovery of platinum group elements) Used with permission
Recommended publications
  • Mount Isa Mines Ltd Notice of Intent for Mcarthur River Mining Expansion
    MOUNT ISA MINES LTD NOTICE OF INTENT FOR MCARTHUR RIVER MINING EXPANSION PROJECT 07 JANUARY 2003 TABLE OF CONTENTS 1 INTRODUCTION ............................................................................................3 2 BACKGROUND..............................................................................................4 2.1 Project Owners ................................................................................................................................4 2.2 Location...........................................................................................................................................5 2.3 Tenements........................................................................................................................................5 2.4 MRM Project History ......................................................................................................................7 3 EXISTING ENVIRONMENT............................................................................9 3.1 Geology ...........................................................................................................................................9 3.2 Climate ............................................................................................................................................9 3.3 Physiography and Hydrology ........................................................................................................10 3.4 Land Use........................................................................................................................................11
    [Show full text]
  • Peter James COMERFORD | Mining and Safety | Queensland Government
    2/10/2014 Peter James COMERFORD | Mining and safety | Queensland Government Mining & safety home Mining, exploration & petroleum Geoscience & resource information Safety & health Mines home > Safety & health > Mining safety & health > Investigations, inquiries and inquests > Mining wardens inquiries > Peter James COMERFORD Peter James COMERFORD Findings and Recommendations [Schedule A] [Schedule B] [Schedule C] [Schedule D] [Schedule E] [Coroner's Findings] The Mines Regulation Act 1964 - Findings and recommendations of reviewers and mining warden following an inquiry into fatal injuries received by Peter James Comerford at Mount Isa Mines Limited lead smelter upgrade on 14 july 2000 Warden's court of Queensland Mount Isa 4-8 december 2000 Before: Mr F W Windridge, esquire Mining Warden Reviewers: Mr John Brady Mr Paul Henley Mr Paul McGuckin Mr Anthony Marshall To assist: Mr J Tate (instructed by crown law office) on behalf of the mines inspectorate and counsel assisting Appearances: MR G V Gear (of Gary Gear & Associates) for the next of kin, Ms Cilla Bird and Mr Dennis and Mrs Desleigh Comerford MR A S Kitchen (instructed by Messrs Clayton Utz) on behalf of AET Operations Pty Ltd and Baulderstone Hornibrook Pty Ltd MR G R Mullins (instructed by Freehills) on behalf of Bateman Brown and Root and the registered mine manager MR N M O'Connor (Principal legal adviser for MIM Holdings Limited) on behalf of Mount Isa Mines Limited Witnesses examined: refer transcript and schedule "a" Exhibits tendered: refer transcript and schedule "b" Findings:
    [Show full text]
  • The Advanced Mining Technologies and Its Impact on the Australian Nonferrous Minerals Industry
    Paper Title: PROVEN TECHNOLOGIES FROM XSTRATA AND THEIR APPLICATIONS FOR COPPER SMELTING AND REFINING IN CHINA Paper Presented at: Hainan Conference, China Authors: Mingwei Gao, Philip Arthur and Nigel Aslin, Xstrata Technology Date of Publication: 2004 For further information please contact us at [email protected] www.isasmelt.com PROVEN TECHNOLOGIES FROM XSTRATA AND THEIR APPLICATIONS FOR COPPER SMELTING AND REFINING IN CHINA Mingwei Gao, Philip Arthur and Nigel Aslin Xstrata Technology, Australia 1.0 INTRODUCTION The world’s non-ferrous industry has achieved significant improvements in efficiency in the last 20 years owing to the advanced technologies such as ISASMELT™ and ISA PROCESS that have been invented and developed at Mount Isa Mines in Australia,. A number of large nonferrous mining operations in the world are still in business today largely because of the commercial benefits that resulted from applying these technologies. ISASMELT and ISA PROCESS technologies are marketed worldwide by Xstrata Technology, a division of the Xstrata plc group of companies, which was formed upon Xstrata’s takeover of MIM Holdings Limited in mid 2003. Xstrata PLC is a diversified international mining company and has operations in Australia, the United Kingdom, Germany, Spain, South Africa, Chile, and Argentina with around 20,000 employees worldwide. Major products are copper, lead, zinc, silver, coal, ferrochrome, and ferrovanadium. In addition to these commodities, an integral part of the group is their independent process technology business – Xstrata Technology. Xstrata group companies have a long record of developing process technologies for in-house use and for sale to external clients. 2.0 ISASMELT™ TECHNOLOGY ISASMELT is a modern bath-smelting process for the production of non-ferrous metals.
    [Show full text]
  • Strategic Materials: Technologies to Reduce U.S. Import Vulnerability
    Strategic Materials: Technologies To Reduce U.S. Import Vulnerability May 1985 NTIS order #PB86-115367 Recommended Citation: Strategic Materials: Technologies to Reduce U.S. Import Vulnerability (Washington, DC: U.S. Congress, Office of Technology Assessment, OTA-ITE-248, May 1985). Library of Congress Catalog Card Number 84-601153 For sale by the Superintendent of Documents U.S. Government Printing Office, Washington, DC 20402 Foreword This report presents the findings of OTA’s assessment of Strategic Materials: Technologies to Reduce U.S. Import Vulnerability. The study was requested by the House Committee on Science and Technology and the Senate Committee on Commerce, Science, and Transportation. The United States imports well over $1 billion worth of chromium, cobalt, man- ganese, and platinum group metals annually. Many of the uses of these metals are essential to the industrial economy and the national defense. The United States imports virtually all of its requirements for these metals; their production is highly concentrated in two regions of the world: the Soviet Union and southern Africa. The potential for interruption of supplies from these sources has heightened con- gressional interest in alternatives to continued import dependence, This study assesses the technical alternatives to continued reliance on south- ern Africa and the U.S.S.R, for strategic metals. Promising opportunities for do- mestic and diversified foreign production and for conservation and substitution are identified for each metal. Technical, economic, and institutional barriers to the implementation of the alternatives are reviewed and governmental options to overcome those barriers are identified and analyzed. We are grateful for the assistance of the project advisory panel, workshop par- ticipants, contractors, and the advice of many government agencies in the United States and Canada.
    [Show full text]
  • Glencore 2020 Corporate Profile Australia
    2020 CORPORATE PROFILE AUSTRALIA 18,720 employees and Australia’s contractors in largest Australia producer of coal to provide reliable power in Asia Cover photo: Workers in full personal protective gear at Glencore’s George Fisher Mine in north-west Queensland One of Australia’s A leading largest mining producers of technology copper, cobalt, business nickel and zinc This page: Planning tasks at Glencore’s Mount Isa Mines complex, north-west Queensland About Glencore We are one of the world’s largest natural resources companies. We own and operate a diverse mix of assets all over the world, and we’re engaged at every stage of the commodity supply chain. Global operations 160,000 Employees and contractors Diversifi ed by commodity, 60 geography Commodities across a range of metals, minerals and and activity energy sectors 3,000 Employees in marketing 1,200 Vessels on the ocean at • Fully integrated from mine any one time to customer • Presence in over 35 countries 7,000+ across 150 operating sites Long-term relationships with • Producing and marketing about suppliers and customers 60 commodities • Diversifi ed across multiple suppliers and customers www.glencore.com 2 Glencore 2020 Corporate Profi le Australia Our business model covers Metals & Minerals and Energy, which are supported by our extensive global Metals & Energy Marketing marketing network. Minerals The right Well-capitalised, commodity mix low-cost, high- for changing return assets needs • Future demand patterns • Since 2009, over US$45 billion for mature economies are has been
    [Show full text]
  • The Mineral Industry of Australia in 2002
    THE MINERAL INDUSTRY OF AUSTRALIA By Travis Q. Lyday Australia continued its position as one of the world’s leading Government Policies and Programs minerals-producing nations in 2002, and this position should hold well into the future owing to the world’s largest economic Australia is governed at the national level by the demonstrated resources (EDRs) (mineral resources for which Commonwealth Parliament and at the State and Territory levels profitable extraction or production is possible at current prices) by governments whose jurisdiction is restricted to that State of lead, nickel, mineral sands, tantalum, uranium, and zinc. or Territory. The powers of the Commonwealth Government EDRs are approximately equal to reserves (U.S. Bureau of are defined in the Australian Constitution, and any power Mines and U.S. Geological Survey 1980). Additionally, its level not defined is given to or is the responsibility of the State or of EDR is within the top 6 worldwide for 11 additional mineral Territory, which is similar to the U.S. Constitution. Thus, all commodities—bauxite, black coal, brown coal, cobalt, copper, matters that relate to mineral resources and their production gem and near-gem diamond, gold, iron ore, lithium, manganese are State and Territory issues. Except for the Australian ore, and rare-earth oxides. Australia’s gross domestic product Capital Territory (that is, the capital city of Canberra and (GDP) grew at a rate of 3.6% in 2002 at constant prices and environs), all Australian States and Territories have identified increased to about $558.9 billion from the 2001 figure of $531 mineral resources and established mineral industries.
    [Show full text]
  • ISASMELT-Not Just a Flash in The
    Paper Title: ISASMELT™ – Not Just a Flash in the Pan Paper Presented at: Copper 2003, COBRE 2003 Santiago, Chile Authors: Philip Arthur & Phil Partington, Xstrata Technology Date of Publication: November 2003 For further information please contact us at [email protected] www.isasmelt.com ISASMELT™ - Not Just a Flash in the Pan P. Arthur & P. Partington Xstrata Technology Level 4, 307 Queen Street Brisbane, Queensland 4000, Australia [email protected] W. Fan & Y. Li Yunnan Copper Company Ltd Wang-Jia-Qiao Western Hill District Kunming, Yunnan, 650102, P.R. China ABSTRACT The Copper ISASMELT™ processi, a technology that emerged into the global metals industry during the 1990s, is now processing more than three million tonnes of concentrates and secondary copper materials each year. The submerged lance smelting technology produces either copper matte or copper metal in plants located in Australia, the United States of America, Belgium, India, Germany and China. M.I.M. Holdings Limited (MIM) ii licenses the process to external companies through its technology division, MIM Process Technologies. MIM, as an operating company and technology supplier, is able to provide external clients with proven process design and continuous operational improvements together with full training and commissioning assistance services from experienced operations personnel. The Copper ISASMELT furnace at Mount Isa Mines is treating more than one million tonnes of copper-bearing feed per year. Furnace campaigns of more than two years are now standard. This paper describes the current status of the copper ISASMELT furnace at Mount Isa and compares its performance with that of the two most recent installations in China and India.
    [Show full text]
  • 2019 Corporate Profile Australia
    2019 CORPORATE PROFILE AUSTRALIA One of the 18,000 Australia’s largest buyers employees and largest coal of grain and contractors in producer oilseeds from Australia Australian One of growers Australia’s largest producers of copper, zinc, nickel and cobalt Glencore’s Mount Isa Mines operation About Glencore We are one of the world’s largest natural resources companies. Our business covers Metals and We own and operate a diverse mix of mining, metals processing Minerals, Energy and Agriculture, and agricultural assets all over the world, and we’re engaged at which are supported by our extensive Metals and Energy Agriculture every stage in the commodity supply chain. global marketing network. minerals Global operations 158,000 Uniquely Employees and contractors The right diversifi ed by Well-capitalised, commodity mix commodity, low-cost, high- 90 for changing Commodities across three geography and return assets needs business segments activity 3,000 Employees in marketing 1,200 Vessels on the ocean at any one time • Fully integrated from mine • Future demand patterns for • Since 2009, over US$40 billion to customer maturing economies are likely has been invested in our global to favour mid-and late-cycle industrial assets • Presence in 50 countries across commodities 7,000+ 150 operating sites • Low-cost, long-life assets in many of Long-term relationships with • Major producer of later cycle the world’s premier mining districts suppliers and customers • Producing and marketing more commodities including the support sustainable long-term
    [Show full text]
  • Diatreme Tick Hill Gold Project Drilling Program to Commence
    DIATREME TICK HILL GOLD PROJECT DRILLING PROGRAM TO COMMENCE Diatreme Resources Limited is an 27 May 2015 Australian based diversified mineral explorer with significant projects in WA and QLD. HIGHLIGHTS The Board and senior personnel exhibit wide experience, ranging * Drill rig mobilised to Tick Hill Gold Project, Qld, with air-core through the exploration, development drilling program to commence in late June. and financing phases of resource project management. * Program to target mine tailings and potential alluvial-colluvial Australian Securities Exchange gold in areas adjacent to former open-cut pit. Codes: DRX, DRXO Board of Directors Diatreme Resources Limited (ASX:DRX) announced today plans for Non-executive: the start of drilling at the Tick Hill Gold Project near Mount Isa, Qld, at William Wang - Chairman Andrew Tsang the site of one of the highest grade gold deposits in Australia’s recent Daniel Zhuang gold producing history. Executive: Neil McIntyre – Chief Executive The drilling program using Diatreme’s crew and drilling equipment and Tuan Do – CFO & Co. Secretary managed by joint venture partner Superior Resources Limited Ian Reudavey – Chief Geologist (ASX:SPQ) will start in late June, with the initial phase comprising around 35 air-core drill holes within the existing tailings dam and 25 Key Projects: holes to test the alluvial potential near the open-cut pit. • Cyclone Zircon Project • Tick Hill Gold Project • Cape Bedford Silica/HMS Project Diatreme’s Chief Executive Officer, Neil McIntyre, said he welcomed • Clermont Copper Project the start of drilling at Tick Hill, given its rich history of gold production. Postal Address: PO Box 10288 “The joint venture team has a wealth of experience and we are excited Brisbane Adelaide Street QLD 4000 by the potential of this project.
    [Show full text]
  • 2019 Corporate Profile Australia
    2019 CORPORATE PROFILE AUSTRALIA One of the 18,000 Australia’s largest buyers employees and largest coal of grain and contractors in producer oilseeds from Australia Australian One of growers Australia’s largest producers of copper, zinc, nickel and cobalt Glencore’s Mount Isa Mines operation About Glencore We are one of the world’s largest natural resources companies. Our business covers Metals and We own and operate a diverse mix of mining, metals processing Minerals, Energy and Agriculture, and agricultural assets all over the world, and we’re engaged at which are supported by our extensive Metals and Energy Agriculture every stage in the commodity supply chain. global marketing network. minerals Global operations 158,000 Uniquely Employees and contractors The right diversifi ed by Well-capitalised, commodity mix commodity, low-cost, high- 90 for changing Commodities across three geography and return assets needs business segments activity 3,000 Employees in marketing 1,200 Vessels on the ocean at any one time • Fully integrated from mine • Future demand patterns for • Since 2009, over US$40 billion to customer maturing economies are likely has been invested in our global to favour mid-and late-cycle industrial assets • Presence in 50 countries across commodities 7,000+ 150 operating sites • Low-cost, long-life assets in many of Long-term relationships with • Major producer of later cycle the world’s premier mining districts suppliers and customers • Producing and marketing more commodities including the support sustainable long-term
    [Show full text]
  • Mining Giant Xstrata May Quit Mt Isa Over Rudd Super Profit Tax
    Mining giant Xstrata may quit Mt Isa over Rudd super profit tax Tony Grant-Taylor From: The Courier-Mail June 14, 2010 10:45PM HAVING put a major part of its development plans in north-west Queensland on hold in the face of the proposed resource super profits tax, there is now speculation international mining giant Xstrata might abandon Mount Isa altogether. The suggestion is, RSPT or not, that Xstrata has other places where it could better deploy its capital given a number of issues facing it in the Mount Isa district, particularly in its copper operations. Xstrata's 2003 takeover of MIM Holdings, just as the Chinese-inspired resources boom took off, set the scene for Anglo-Swiss Xstrata to turn itself into a major diversified multinational group. It ranks only a tier below the world's top three mining companies of BHP Billiton, Vale of Brazil and Rio Tinto. The MIM takeover gave Xstrata an entry to Queensland coal and a major stake in MIM's Alumbrera copper operation in South America, as well as control of its Mount Isa copper and silver, lead and zinc operations and the associated Ernest Henry copper mine near Cloncurry. More importantly, Xstrata was able to leverage the rising value of MIM's assets, and its other Australian coal operations, to go on an acquisition spree which included the purchase of Canadian nickel major Falconbridge, for $US21 billion ($A24.6 billion) in 2006. But has Mount Isa outlived its usefulness for Xstrata? Veteran mining analyst Gavin Wendt of MineLife reckons that may be the case.
    [Show full text]
  • Ernest Henry Operation FY20 FY20 a World Class Asset - Operated by Glencore AISC PRODUCTION
    FACT SHEET Ernest Henry operation FY20 FY20 A world class asset - operated by Glencore AISC PRODUCTION A$(432)/oz 94,902oz www.evolutionmining.com.au Location: 38km north-east of Cloncurry, Queensland Producing: Copper, gold and silver Key facts Management: Operated by Glencore FY20 gold production: 94,902oz Located on the traditional lands of the Mitakoodi people FY20 Copper production: 20,688t Large scale, long-life asset FY20 AISC: A$(432)/oz1 Reliable operational delivery FY21F gold production: 85,000 – Exceptionally high margins and low capital intensity 90,000oz Record net mine cash flow in FY20 A$257M FY21F AISC: A$(350) – (300)/oz Three levels of Ore Reserves added to sub-level cave in CY2019 FY20 Net mine cash flow: without requiring further drilling A$257M Drill program in CY20 of 18,000m to extend mine life below Mineral Resources 1,200mRL Gold: 64.6Mt at 0.62g/t Au for 1.3Moz Copper: 30.6Mt at 1.16% Cu for Evolution acquired an economic interest in Ernest Henry in November 356kt 2016 that will deliver 100% of future gold and 30% of future copper and Ore Reserves silver produced within an agreed life of mine area. Outside the life of Gold: 39.4Mt at 0.52g/t Au for mine area, Evolution will have a 49% interest in future copper, gold and 660koz silver production from Ernest Henry. Copper: 15.10Mt at 1.00% Cu for 150kt Throughout the duration of our partnership, Glencore has operated Mining method: underground, sub-level caving the asset exceptionally well and has consistently delivered results which exceed the agreed mine plan.
    [Show full text]