ID :
201280
Mon, 08/15/2011 - 08:15
Auther :
Shortlink :
https://oananews.org//node/201280
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Sepon copper hits new record
VIENTIANE,AUG.(KPL)- Copper cathode production at the Sepon gold and copper mine in Savannakhet hit new record 7,035 tonnes in June, according to a second quarterly production report from the mine’s owners, Minerals and Metals Group (MMG).
The report, which covers the three months ended 30 June 2011, says that total copper cathode production is expected to be between 75,000 - 80,000 tonnes in 2011. Sepon produced approximately 37,000 tonnes of copper for the first six months in 2011.
Increased copper production has been made possible as a result of a US$60.4 million capital project to expand processing facilities at the mine, completed earlier this year.
Eventually copper production will be almost 25% higher as a result of the expansion.
Based on the report, Sepon produced 40,000 ounces of gold from January to June 2011. Gold production for 2011 is forecast at 70,000 – 75,000 ounces. According to the Asian Development Bank’s report issued in July, the Lao economy is forecast to grow by 7.7% in 2011, driven by investment in mining and hydropower, and strong gold and copper prices. The predicted growth rate is the highest amongst the ASEAN nations.
The report, which covers the three months ended 30 June 2011, says that total copper cathode production is expected to be between 75,000 - 80,000 tonnes in 2011. Sepon produced approximately 37,000 tonnes of copper for the first six months in 2011.
Increased copper production has been made possible as a result of a US$60.4 million capital project to expand processing facilities at the mine, completed earlier this year.
Eventually copper production will be almost 25% higher as a result of the expansion.
Based on the report, Sepon produced 40,000 ounces of gold from January to June 2011. Gold production for 2011 is forecast at 70,000 – 75,000 ounces. According to the Asian Development Bank’s report issued in July, the Lao economy is forecast to grow by 7.7% in 2011, driven by investment in mining and hydropower, and strong gold and copper prices. The predicted growth rate is the highest amongst the ASEAN nations.
