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
"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
A version of this
article was first published in AMM sister publication Metal