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Article: Australia: New pit optimisations put Golden Cross' Copper Hill copper/gold project on track to production.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
Discounted Cash Flow of $360M (10% discount rate) after $420 million capex. deducted
19.5 year mine life
Production of over 335,000 tonnes copper, 1.1 Moz gold
3.3 million tonnes sulphur for 9 million tonnes sulphuric acid
Capital cost estimate $420 million with potential for reduction
Environmental benefits with all elements extracted, value added: copper metal, gold bullion, sulphur to acid and iron to feedstock.