Frontier Mining to start commissioning Benkala copper mine next month
Nov 14. Proactive Investors UK
By Jamie Ashcroft
Frontier Mining (LON:FML) told investors that it will begin commissioning the Benkala copper mine, in Kazakhstan, on December 16.
Construction activities are well advanced, it said.
All the major equipment has been delivered to the site and Frontier is in the final stages of assembly. Additionally many of the plant systems are now operational.
The group’s mining activities will continue throughout the winter months, it said.
The company explained that it will start loading the leach pads as soon as weather permits in 2012. Cathode production beginning shortly thereafter, it said.
“We are excited to begin commissioning our SX/EW plant,” said chief executive Erlan Sagadiev.
“Although we had hoped to see our first copper in 2011, delaying the commencement of the leaching cycle until spring of 2012 is a prudent step in the face of the risks associated with the weather.
“It will also enable comprehensive testing of all plant systems and facilitate a smooth start up, advancing our goal of establishing Frontier as a premier mid-tier copper producer.”
Frontier said that once Benkala is in production it plans to immediately move to expand the annual capacity from 7,000 to 10,000 tonnes, and subsequently to 20,000 tonnes.
Frontier Mining Ltd is a mineral exploration and development Company focussed on gold and copper deposits in the Republic of Kazakhstan. Through its subsidiaries and affiliates, Frontier locates, evaluates, acquires, explores and develops mineral properties. Frontier currently operates two licenses in Kazakhstan, Naimanjal (100% owned) and Benkala (50% owned). Naimanjal operations currently consist of five projects; a producing gold mine, a test stage gold production project, a potential copper porphyry deposit with associated gold and molybdenum, and copper/gold prospects along a 25km trend including both VMS and porphyry types. Benkala is a copper-molybdenum-gold deposit located in north-western Kazakhstan, within the Urals gold/copper ore belt.