29Metals flags processing changes at Capricorn

29Metals

The Golden Grove mine.

29Metals has announced it will be transitioning its processing operations to ‘in-house’ at its Capricorn copper mine in Far North Queensland from February 2022.

Since late 2018, operation and maintenance of Capricorn’s processing facilities has been undertaken by Ausenco under an operations and maintenance (O&M) contract.

According to a statement from 29Metals, the transition is not expected to materially change operating costs.

“29Metals considers the move will deliver benefits to the group through greater alignment and improved ability to retain and share talent across the group,” the company stated.

The company has also received final regulatory approvals for the paste plant at its Golden Grove copper mine in Western Australia, with works well underway to establish the surface facilities and reticulation system.

“As previously advised, 29Metals expects to commission and implement paste fill in H1 2022,” the company stated.

“The introduction of paste fill will enable 29Metals to sustain mine and mill production rates and reduce the volume of tailings that needs to be placed in surface tailings storage facilities, as well as improved water management and reducing the site environmental footprint.”

29Metals managing director and chief executive officer Peter Albert said the operating updates are important building blocks to deliver against the company’s plans and support its growth strategy.

“These milestones are a testament to the hard work of our operating teams and our commitment to deliver against our operating plans,” Albert said.

“The move to bring processing operation and maintenance at Capricorn Copper ‘in-house’  will enable greater alignment between the workforce and 29Metals’ strategic objectives.

“We thank Ausenco for its strong contribution at Capricorn Copper under the O&M contract over the past three years.

“We are working collaboratively through the transition with Ausenco and look forward to welcoming the current Ausenco O&M team as employees of Capricorn Copper.”

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