Overview
Status | Inactive / Suspended |
Mine Type | Tailings |
Commodities |
|
Mining Method |
|
Mine Life | 9 years (as of Jan 1, 2015) |
After announcing the positive results from the Copper Bay definitive feasibility study in January 2017, Central Asia Metals Pls (CAML) undertook some additional engineering studies with the intention of improving the economics of the Copper Bay project. While some capital expenditure savings were identified and there is the potential to optimise the project further in the future, the Board decided that these findings were not sufficiently material to warrant developing Copper Bay in the near term. In August 2017, the CAML Board therefore made the decision to sell the project.
June 30, 2022 - The Group continues to report the results of the Copper Bay entities within Discontinued Operations. These assets were fully written off in prior years. |
Source:
p. 16, 29
The Central Asia Metals owns a 75% stake in Copper Bay Limited, which is currently for sale. Copper Bay Limited owns 100% of the project at Chañaral Bay.
In August 2017, the Board made the decision to dispose of its holding in Copper Bay Ltd and will commence the sales process during Q4 2017.
June 30, 2022 - The assets and liabilities of the Copper Bay entities continue to be presented as held for sale in the Statement of Financial Position as the Central Asia Metals progresses its sale process with a party currently holding exclusive due diligence rights. The exploration assets and property, plant and equipment held in Copper Bay were fully written off in prior periods.
The Group continues to report the results of the Copper Bay entities within Discontinued Operations.
Contractors
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Summary:
Between 1938 and 1975 the Potrerillos and later the El Salvador copper mines, disposed of tailings from their respective mineral processing operations into the Rio Salado which outflows into Chañaral Bay. Over that period, it is believed that some 250Mt of tailings were discharged into the bay. These tailings now sit in the bay and on the beach at Chañaral, covering an area of 13km2.
Summary:
Currently, it is envisaged that the resource will be mined using dredging operations feeding the tailings product to the process plant.
Source:
Summary:

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Projected Production:
Commodity | Product | Units | Avg. Annual |
Copper
|
Metal in concentrate
|
t
| 2,400 |
Copper
|
Cathode
|
t
| 6,200 |
Copper
|
Total
|
t
| 8,600 |
Reserves at December 31, 2015:
Category | Tonnage | Commodity | Grade | Contained Metal |
Indicated
|
42,714 kt
|
Copper
|
0.244 %
|
104,345 t
|
Inferred
|
8,469 kt
|
Copper
|
0.234 %
|
19,838 t
|
Commodity Production Costs:
| Commodity | Units | |
C1 cash costs
|
Copper
|
USD
|
1.34 / lb * USD
|
Assumed price
|
Copper
|
USD
|
3 / lb * USD
|
* According to 2015 study / presentation.
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2015 Study Costs and Valuation Metrics :
Metrics | Units | LOM Total |
Total CapEx
|
$M USD
|
......
|
After-tax NPV @ 8%
|
$M USD
|
......
|
After-tax IRR, %
|
|
......
|
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Corporate Filings & Presentations:
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