Completion of construction at Dugald River is MMG’s next major milestone, the company said as it reported its third quarter 2016 production result this week.
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Chief Executive Officer Andrew Michelmore said Dugald River would provide MMG with additional exposure to zinc amid shrinking global supply.
“The project is progressing to schedule and we are on track to meet our target of first concentrate during the first half of 2018,” Mr Michaelmore said.
The mine has an estimated 28 year life.
Mr Michaelmore also said the expression of interest process for the Century mine assets also progressed.
“MMG seeks economic opportunities for the significant infrastructure remaining at the Lawn Hill site, pipeline and the port facility at Karumba,” he said.
“Following the successful delivery of Las Bambas and good progress with Dugald River construction, MMG continues to actively search for the next growth opportunity.”
MMG provided a full year 2016 guidance of 415,000-477,000 tonnes of copper and 120,000-135,000 tonnes of zinc.
Derek Barry
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
