Monday, January 5, 2009

Mineral Park mine ships first copper concentrate


Mercator Minerals announced that they have shipped the first copper concentrates from their Mineral Park mine near Kingman. The company says it is constructing a 50,000 ton per day copper and molybdenum milling operation mill facility [right, credit Mercator Minerals] to handle an expected average annual copper and molybdenum production over the first ten years of a 25-year mine life of 56.4 million pounds of copper, 10.3 million pounds of molybdenum and 600,000 ounces of silver per year. The copper concentrates are shipped to the Port of Guaymas in Mexico. Copper is selling for $1.39 today, down from highs over $4 this past spring.