Finders: Wetar Island copper cathode plant delivers record output
Thursday, June 15 2017 - 03:14 AM WIB
ASX-listed Finders Resources Limited said Thursday that the performance of its 3,000 t.p.a. and 25,000 t.p.a. SX‐EW copper cathode plants on Wetar Island, Maluku Province, continue to improve with April 2017 production of 2,174 tons of copper cathode followed by record monthly production of 2,401 tons of copper cathode in May 2017.
The company said in a statement that the May production exceeded the annualized production target of 28,000 t.p.a copper cathode.
Managing Director Barry Cahill commented: ?Operators at the Wetar Copper Project continue to improve with the performance of the SX‐EW plant in May exceeding the production rate required to achieve 28,000 t.p.a. copper cathode. Unit costs continue to perform, with potential for further reductions as the production profile increases.?
Finders currently operates a 25,000 ton per annum copper cathode solvent extraction‐electrowinning (SX‐EW) plant, commissioned in May 2016, and a 3,000 t.p.a SX‐EW plant giving annual production capacity of 28,000 tons copper cathode. To date, the plants have produced over 25,000 tons of copper cathode. The copper sales to date have been at a premium to the LME price on average.
Editing by Reiner Simanjuntak