| Location | 100 km north of Faro, Portugal, in the western part of the Iberian Pyrite Belt | ||||||
| Ownership | 100% | ||||||
| Type of ore body | Volcanogenic massive sulfide (VMS) | ||||||
| Primary metal | Copper | ||||||
| Secondary metal | Zinc | ||||||
| 2P reserves Copper-rich ores Zinc-rich ores |
20.5mt @ 3.7% Cu, 0.9% Zn, 0.3% Pb, 44 g/t Ag 54.2mt @ 6.7% Zn, 0.4% Cu, 1.6% Pb, 59 g/t Ag |
||||||
| Type of mine | Underground | ||||||
| Mine facilities and method | 4.6mtpa shaft with separate ramp access. Mining based on mechanized stoping using primarily bench & fill and drift & fill methods with sand and paste backfill | ||||||
| Processing facilities | A copper plant (2.5mtpa capacity); a zinc plant (presently being expanded to 1mtpa capacity); tailings impoundment; and backfill plants | ||||||
| End product | Copper in concentrate (grading approx. 25%); Zinc in concentrate (grading approx. 50%) | ||||||
| Expected mine life | 10+ years | ||||||
| Employees | 910 full-time employee equivalents | ||||||
| Potential growth | Neves-Corvo is considered to remain under-explored and $10 million is scheduled for near-mine exploration in 2010. A study looking at development of the Lombador zinc/lead/copper deposit is well advanced. | ||||||
2010 Targets
|
77,000 tonnes contained in concentrate 6,000 tonnes contained in concentrate 125c/lb Cu |
