SINGAPORE Newmont Mining Corp.s Phoenix copper leach project in Nevada and Akyem project in Ghana have achieved commercial production, the company said Oct. 30.
The Greenwood Village, Colo.-based company expects first five-year average annual copper production of 9,072 tonnes at its Phoenix project, with a 2013 attributable copper production outlook of 1,814 tonnes to 2,268 tonnes.
The project, which recovers copper from material previously classified as waste through leaching and processing at a solvent extraction-electrowinning facility, is an expansion of the Phoenix Mine near Battle Mountain, Nev.
The company has a 2013 attributable gold production outlook of 50,000 to 100,000 ounces at its Akyem project and expects its first five-year average annual gold production to be between 350,000 and 450,000 ounces.
"Akyem is a core asset that will deliver profitable gold production at competitive costs, and the copper we produce at Phoenix from what was once classified as waste will improve our copper-cost position," Newmont president and chief executive officer Gary J. Goldberg said.
A version of this article was first published in AMM sister publication Metal Bulletin.