Business
Full Mechanical Completion of 15Mtpa Expansion
Full Mechanical Completion of 15Mtpa Expansion.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \nRNS Number : 3802J Atalaya Mining PLC 19 August 2019 \n\n19 August 2019\nAtalaya Mining Plc. (\"Atalaya\" or \"the Company\")\n15Mtpa expansion at Proyecto Riotinto reaches full mechanical completion\n \nAtalaya Mining Plc (AIM:ATYM, TSX:AYM), the European mining and development company, is pleased to announce that the Expansion Project to 15Mtpa has reached full mechanical completion. The new SAG mill, new primary crusher and all associated equipment have now been running continuously and are ready to start receiving ore and ramp up production during wet commissioning. The additional electricity supply for the expansion is expected to come on stream during Q3 2019.\n \nAs reported by the Company in previous announcements, the new flotation and concentrate handling areas have also been completed and are operating normally.\n \nThe Company believes the start-up of the expanded plant will reach its nameplate capacity of 15Mtpa by December 2019. This Expansion Project demonstrates once again the Company's ability to achieve low capital intensity projects in a timely and cost effective manner.\n \nAlberto Lavandeira, CEO, commented:\n\"This expansion is a milestone for Atalaya. It will increase copper production, improve operational efficiencies, reduce maintenance requirements and lower operating cash costs for the Company.\"\n \n \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) no 596/2014.\nContacts:\n\n\n\nNewgate Communications\n\n\nElisabeth Cowell / Adam Lloyd / Tom Carnegie\n\n\n+ 44 20 3757 6880\n\n\n\n\n4C Communications\n\n\nCarina Corbett\n\n\n+44 20 3170 7973\n\n\n\n\nCanaccord Genuity (NOMAD and Joint Broker)\n\n\nHenry Fitzgerald-O'Connor / James Asensio\n\n\n+44 20 7523 8000\n\n\n\n\nBMO Capital Markets (Joint Broker)\n\n\nJeffrey Couch / Tom Rider / Michael Rechsteiner / Neil Elliot\n\n\n+44 20 7236 1010\n\n\n\n\nPeel Hunt LLP (Joint Broker)\n\n\nRoss Allister / David McKeown\n\n\n+44 20 7418 8900\n\n\n\n \nAbout Atalaya Mining Plc\nAtalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. In addition, the Group has a phased, earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield cop...