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Newmont projects start commercial output

Keywords: Tags  Newmont Mining, Phoenix copper leach, Nevada, Akyem project, Ghana, copper, mining, gold Gary J. Goldberg

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.

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