Amerigo Resources (TSX: ARG; US-OTC: ARREF) hasn’t lost much time since it cut a deal with Codelco in April 2014 to treat a new source of tailings from the miner’s El Teniente mine, the world’s largest underground copper operation, near Santiago, Chile.
Until now, the Vancouver-based company has been processing fresh tailings from El Teniente and historic tailings from the mine’s Colihues tailings deposit.
This week, however, after a construction period of just five and a half months, Amerigo’s Chilean subsidiary, Minera Valle Central S.A. (MVC), has started processing historic tailings from El Teniente’s Cauquenes storage area, adjacent to Colihues, at a rate of 30,000 t/d.
That number should rise to 60,000 t/d, management predicts, once the first phase expansion of the processing facility is completed at a total cost of about US$71 million, in the fourth quarter of this year.
Read the complete article at NorthernMiner.com/news/amerigo