19th Aug 2019 09:40
(Alliance News) - Atalaya Mining PLC on Monday said the expansion of Proyecto Riotinto in Andalucia, Spain, to 15 metric tonnes per annum has reached full mechanical completion.
The AIM-listed mining and development company said 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 the third quarter of 2019, Atalaya added.
In addition, the company said the new flotation and concentrate handling areas have also been completed and are operating normally.
It is believed that the start-up of the expanded plant will reach its nameplate capacity of 15 metric tonnes per annum by December.
"This expansion is a milestone for Atalaya," said Chief Executive Alberto Lavandeira. "It will increase copper production, improve operational efficiencies, reduce maintenance requirements and lower operating cash costs for the company."
Atalaya shares were trading 0.5% lower on Monday in London ta 199.00 pence each.
Related Shares:
Atalaya Mining