First Quantum Minerals Ltd. · TSX:FM
First Quantum Minerals — Investor Presentation (December 2012)
26 slides from First Quantum Minerals's investor presentation, Dec 12, 2012
Slide 1: Kevitsa Operation
FQM Kevitsa Mining Kevitsa Operation Dec 12, 2012 Finlands Newest Cu/Ni Producer
Slide 2: Overview of the site
Overview of the site FQM Kevitsa Mining
Slide 3: Kevitsa Snapshot
Kevitsa Snapshot Key Data Ramp up to Commercial Production Capital Cost ~ US$480M Weathered Ore Initial feed with lower Employees ~ 290 by end 2013 recoveries Mine Life ~20yrs @ 7.5Mtpa Face Shovel PC5500, PC8000 mid 2013 Production Design levels in 2013 Haul Trucks CAT 793 (6) CAT 795 (2) LOM Grade
Slide 4: Kevitsa
Kevitsa Commissioning Ramp - up Operations Product Opportunities • Safety Vision in • Producing 300tpd of • Increasing truck road • Projects/Ops • Primary crusher capacity possible place Ni/Cu Con’s personnel worked issues initially well together • Rail options to Port • Weathered ore • 15 – 20 truc
Slide 5: Kevitsa – milestones
Kevitsa – milestones 2013 Expansion Permit to 10 Mtpa ‘First Concrete June 2010’
Slide 6: Kevitsa – hitting the milestones
Kevitsa – hitting the milestones 2013 Expansion Permit to 10 Mtpa ‘Commissioning during Winter Successful’
Slide 7: Kevitsa – milestones
Kevitsa – milestones 2013 Expansion Permit to 10 Mtpa ‘Quality construction contributed to smooth start up’
Slide 8: Kevitsa – milestones
Kevitsa – milestones 2013 Expansion Permit to 10 Mtpa ‘Commercial production declared Aug 18, 2012’
Slide 9: Kevitsa – hitting the milestones
Kevitsa – hitting the milestones 2013 Expansion Permit to 10 Mtpa
Slide 10: Kevitsa – milestones
Kevitsa – milestones 2013 Expansion Permit to 10 Mtpa
Slide 11: Environment
Environment Expansion Permit up to 10Mtpa Expect authorities to Expansion Permit publish application submitted for 30 days Collated info to respond to questions Authorities make decision Q4 (11) Q1 (12) Q2 (12) Q3 (12) Q4 (12) Q1 (13) Possibility to respond to Received list of public concerns if nee
Slide 12: Effluent Waste Water Analysis
Effluent Waste Water Analysis Nickel [µg/l] Copper [µg/l] 600 350 500 300 400 250 200 300 150 200 100 100 50 0 0 15/8/12 29/8/12 12/9/12 26/9/12 Nickel Limit value for flow-weighted monthly average Copper Limit value for flow-weighted monthly average
Slide 13: Mining Production
Mining Production Total Material Mined and Strip Ratio • Mining Production improved in Oct with improved blast fragmentation of ore 1000 1.80 1.60 800 1.40 • Mobile equipment trainer making 1.20 difference 600 1.00 0.80 400 0.60 200 0.40 0.20 0 0.00 Ore (kt) Waste (kt) Strip Ratio
Slide 14: Pit Development 2013 - 2017
Pit Development 2013 - 2017 FQM Kevitsa Mining
Slide 15: Processing Production
Processing Production Ore Milled & Grade Processed 600 0.40 • Mill throughput proven capable of 7Mt/a 0.35 500 • Feed grades varying significantly in the 0.30 400 0.25 weathered zones 300 0.20 • Crusher throughput rates to be improved 0.15 200 0.10 100 0.05 0 0.00 Milling Actual (kt) Milling Forecas
Slide 16: Reagent Usage – in line with expectations
Reagent Usage – in line with expectations METHYL ISOBUTYL CARBINOL 120 100 80 60 g/t 40 20 0 SODIUM ETHYL XANTHATE 350 300 250 200 g/t 150 100 50 0
Slide 17: Stakeholders
Stakeholders Government & Community Programs Municipality Investment in Local Sports Hall and Cultural Events Corporate Citizenship Positive Good on Social Impact 1. Environmental impacts do not pose any unacceptable risks; Local Communities 2. Communications are transparent and effective; 3. Mine i
Slide 18: Key Priorities
Key Priorities • Successfully completed important maintenance works, improving plant productivity and currently implementing a series of technical improvements • Expect an slight improvement in head grade during H1 2013 • Improve understanding of cost drivers after transition from projects to ops
Slide 19: Kevitsa Operation
Kevitsa Operation FQM Kevitsa Mining
Slide 20: Mining
Mining • Conventional open pit mining & blasting • Owner Operator – Contract maintenance • Future trolley assist system to reduce Opex Costs • 1 x PC 5500 Excavator • 1 x PC 8000 Excavator May 2013 • 6 x 250t trucks • 2 x 345t AC drive trucks • Substantial investment in training with €1.5M simulator
Slide 21: Mining stages 1 – 4: 7.5 Mtpa
Mining stages 1 – 4: 7.5 Mtpa Starter Pit Stage 2 Stage 3 Stage 4 Kaivostarkastus 9.12.11/JB
Slide 22: TROLLEYTRUCKS CAT 795F
TROLLEYTRUCKS CAT 795F Kaivostarkastus 9.12.11/JB
Slide 23: CRUSHING AND MILLING
CRUSHING AND MILLING Ore to crusher Primary mills Double deck screen To flotation Secondary crusher Secondary mill
Slide 24: FLOTATION & CONCENTRATE FILTRATION
FLOTATION & CONCENTRATE FILTRATION COPPER FLOTATION NICKEL FLOTATION SULPHUR FLOTATION From Milling Low sulphur tailings to TSF A Sulphur tailings to TSF B Copper filtration Nickel filtration Copper concentrate Nickel concentrate
Slide 25: The Process in Summary
The Process in Summary Ore from Mine Crushing Milling Concentration by Flotation Concentrate ready for shipping.
Slide 26: Thank you
Thank you & FQM Kevitsa Mining
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