Photo: Business Wire
Capstone Copper has announced the Mantoverde-Santo Domingo (MV-SD) District Integration Plan, which showcases the path toward creating a world-class mining district in the Atacama region of Chile.
The miner is targeting over 200,000 tonnes per year of low-cost copper production at MV-SD with the potential to also become one of the largest and lowest cost battery-grade cobalt producers in the world.
“The permitted and executable growth pathway that lies ahead of us is the reason why I joined Capstone,” said Cashel Meagher, president and COO.
“This is a rare opportunity to design and engineer significant synergies into the plan prior to the construction of the Santo Domingo project.”
The Santo Domingo copper-iron project is located 35 kilometres northeast of the Mantoverde copper-gold mine, which is currently undergoing construction of a 32,000-tpd sulphide concentrator with wet commissioning expected in late 2023.
Following the completion and successful ramp-up of the Mantoverde Development Project, the company’s next phase of transformational growth will be a construction decision and integration of Santo Domingo.
Capstone said it has the opportunity to unlock a total of $80 million-$100 million per year in operating cost savings, while also enabling additional copper and cobalt production, infrastructure capital savings, and the potential for significant tax synergies through the reinvestment in Chile to support the district growth.
Source: Capstone Copper