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Capstone Copper Corp T.CS

Alternate Symbol(s):  CSCCF

Capstone Copper Corp. is a copper producer operating in the Americas. It is engaged in the production of and exploration of base metals in the United States (US), Mexico, and Chile, with a focus on copper. The Company, through a wholly owned Chilean subsidiary, Mantos Copper S.A., owns and operates the Mantos Blancos mine, located 45 kilometers (km) northeast of Antofagasta, Chile and the 70%-owned Mantoverde mine, through a subsidiary, Mantoverde S.A., located 50 km southeast of Chanaral, Chile. It owns and operates the Pinto Valley mine located in Arizona, US, Cozamin mine located in Zacatecas, Mexico, and has a portfolio of exploration properties in Mexico. It also holds the fully permitted Santo Domingo copper-iron-gold-cobalt development project in the Atacama region of Chile, 35km northeast of Mantoverde. Through Compania Minera Sierra Norte S.A., it owns 100% of Sierra Norte, an iron oxide copper gold deposit located in Chile's Atacama Region, that spans over 7,000 hectares.


TSX:CS - Post by User

Post by Number7on May 24, 2022 1:03pm
256 Views
Post# 34704053

MantoverdeCapital-efficient design for a world-class copper

MantoverdeCapital-efficient design for a world-class copper

With proven experience delivering cost-effective projects under lumpsum EPC contracts, Ausenco was selected to lead the engineering, procurement, construction, and production ramp-up to nameplate for a copper concentrator plant and related infrastructure - including the expansion of the desalination plant and the tailings dam - at the Mantoverde Development Project in Chile.

The Challenge

This world-class project in the Atacama region represents a strategic development in the global copper market. It is one of two primary projects Mantos Copper currently has underway in the region, focused on increasing production, reducing costs, and extending the life of its current operations.

Mantos Copper sought a partner who had the right experience and innovation to deliver a 31,600 t/day copper concentrator plant and all related infrastructure to support and enable expanded operations with guaranteed performance and price certainty.

The Better Way

Challenging earlier iterations of the concentrator plant design, our team found a better way to achieve cost efficiencies by relocating the primary crusher, redesigning the stockpile reclaim tunnel, revising tailings handlings, and optimizing grinding and flotation processes.

By reducing earthworks excavation requirements and the overall plant footprint and building heights, we were able to reduce capital and operating costs for Mantos Copper. Our efficient and optimised design is expected to reduce the environmental impact of the project including reduced carbon emissions.

Drawing on our global expertise we assembled the strongest and most efficient team to support the 36-month project during its development. The project will be led from our Chile office of more than 650 employees with the support of our technical experts located in Australia and Canada.

Redefining what’s possible, we look forward to safely delivering an exceptional project to Mantos Copper and all of its stakeholders. Upon completion in 2024, Mantoverde will produce 110,000 t/y of copper and 33,000 oz/y of gold during the first 7 years of the project’s 20 year life.

Status (as of November 2021)

Currently 160 Ausenco team members are on the project – 120 in our Santiago office and 40 on-site. In November, the 60% engineering completion milestone was achieved and the bulk earthworks and tailings storage facility contractor began mobilisation to site. In December, bulk earthworks activities begin and first concrete will be produced at the batch plant.

The EPC contract for the expansion of the desalination plant has been awarded, and purchase orders have been made for the major equipment for this facility. December will see the awarding of two major construction contracts: The Dry Plant CSMPEI (Civil, Structural, Mechanical, Piping, Electrical and Instrumentation) and The Wet Plant CSMPEI, which includes the EPC for the Truck Shop.

The expansion of the Operations Camp (at the mine site) is near completion (occupancy in December) and the Construction Camp at El Salado will be ready for occupancy in January.


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