Vancouver – Quadra Mining’s (QUA-T) contractor has begun processing ore at its Robinson copper-gold mine near Ely, Nevada. The concentrator is operating at about 23,000 tonnes per day, or 60% of capacity. Quadra Mining formed two years ago when it set its sights on becoming a mid-tier base metals developer.
Washington Group International, the mining contractor, started up Robinson ahead of schedule, following the mine’s five year stint on care and maintenance. Washington Group’s contract, which runs through to 2009, allows it to mine approximately 67 million tonnes of ore and waste per year at Robinson, and is estimated to be worth some US$228 million.
Low copper and gold prices forced the previous owner, BHP Billiton to shut the mine down in mid-1999. The mining rate is now at about 80,000 tonnes per day but is expected to ramp up to 200,000 tonnes per day by January 2005 when the remainder of the mining fleet is commissioned.
Washington Group will be operating all aspect of the mine including drilling, blasting, loading, and hauling of ore and waste.
Vancouver-based Quadra purchased the Robinson Mine in Nevada, from BHP Billiton in April this year for US$18 million. The company, raised $145 million in its initial public offering, for which a portion was used to complete the purchase of the Robinson mine.
Be the first to comment on "Robinson production ahead of schedule"