CHILE – Lundin Mining Corp. of Toronto has received a positive environmental impact assessment for the extension of operations and mine life for the Candelaria copper-gold mine in the Atacama Desert. Lundin is the operator and 80% owner; the balance is held by Sumitomo Corp.
The expansion, referred to as "Candelaria 2030", includes the construction of a new Los Diques tailings facility. Work will begin immediately on relocating the parts of the road, power and other infrastructure as necessary, and permits for the major civil works will be sought. Construction of the new tails dam can then begin in 2016. The current tailings storage pond will be extended to align with the commissioning of Los Diques, targeted for 2018.
Lundin bought its interest in Candelaria in November 2014 from Freeport-McMoRan for US$1.83 billion. The complex includes two underground mines and an open pit that feed a 3,800-t/d concentrator. In Q1 2015 the mine and mill produced 49,350 tonnes of copper, 28,000 oz of gold and 583,000 oz of silver.
Visit LundinMining.com for more details.
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