DAILY NEWS Dec 18, 2012 4:05 PM - 0 comments

COPPER-MOLY: Commissioning new mill begins at Gibraltar

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BRITISH COLUMBIA – Commissioning of the new mill at the Gibraltar copper-molybdenum project 65 km north of Williams Lake reports owner Taseko Mines of Vancouver. The new 30,000-t/d concentrator is part of the $325-million Gibraltar Development Project 3 (GDP3).

Taseko says the electrical power distribution and reclaim water systems have been tied into the mill, and water testing of the new tailings facility is underway. The first ore is to be delivered to the mill in January, and commercial production is to be reached by the end of March 2013.

Russell Hallbauer, Taseko president and CEO, commented, "In the 20 months since awarding the construction management contract, we have successfully built a new 30,000 tonne per day concentrator and associated infrastructure, on time and on budget for $235 million. This new concentrator, along with the $90 million of new state-of-the-art mining equipment, will increase Gibraltar's production capabilities to 85,000 tonnes per day by mid-2013. Gibraltar will have two distinct production trains which will significantly enhance our operational flexibility. As metal production increases over the course of the year while we ramp up our daily mill throughput, operating costs will decline from those experienced over the latter part of 2012."

Enjoy the photo gallery of GDP3 at TasekoMines.com.

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Taseko Mines Limited

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