LONDON Glencore Xstrata Plc has started zinc and copper production at the Bracemac-McLeod Mine in Quebec, in which it holds a 65-percent stake.
Processing started May 15 at the anticipated rate of 3,000 tonnes per day, Donner Metals Ltd., the 35-percent joint-venture partner, told investors. At capacity, the mine is expected to produce 80,000 tonnes of zinc and 10,000 tonnes of copper annually.
Baar, Switzerland-based Glencore Xstrata brought the mine online within the original capital expenditure guidance of about Canadian $158 million ($155 million).
Glencore Xstrata is sending Bracemac-McLeod ore to the nearby Matagami concentrator in Quebec to fill a gap in feed created by the depletion of ore at the Perseverance Mine, which opened in 2008 with a 5.5-year mine life.
The partnership between Glencore Xstrata and Vancouver, British Columbia-based Donner Metals comprises claims, mining licenses and other direct mineral titles covering six properties in the Matagami region. They are either held evenly between the two parties or split 65/35 in favor of Glencore Xstrata.
A version of this article was first published by AMM sister publication Metal Bulletin.