Jul 29, 2016

First CuDeco copper shipment hits the wharves

First CuDeco copper shipment hits the wharves

The first truckload of native copper concentrate from the new processing plant at CuDeco’s Rocklands mine site near Cloncurry has been delivered to the Port of Townsville.

The native copper concentrate will be stored at the North Queensland port prior to its transportation via ship to Zhapu Port, China, under an offtake agreement with China Oceanwide International Investment Co.

CuDeco said preliminary analysis indicated the grade of the first exports was 80 per cent copper.

The company says it is on track to deliver the first shipment of sulphide copper concentrates in late September or the first half of October.

“Today is another important occasion for all associated with the Rocklands project, with the first truckload of native copper concentrate produced from the Rocklands processing plant transported to the Port of Townsville,” CuDeco managing director Dr Dianmin Chen said.

“This will generate valuable cash flow for CuDeco, which will increase as we ramp up towards the export of sulphide copper concentrates.

“We are also pleased with the quality of the native copper concentrates, which are considered excellent results in the early production ramp up phase and are expected to improve once the plant reaches optimised design performance levels. “

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