Sunday 3 May 2020

Copper concentrate from the plant NEWMONT GOLDCORP - TECK "NuevaUnión" (Chile) is an intermediate product that is cheap and requires further processing and significant financial costs.

From the series of publications 
"So they create a fairy tales for the investor"

"They draw up the necessary documents
and begin to search for the simpleton..."


NEWMONT GOLDCORP - TECK "NuevaUnión" (Chile)

Owners:  
Newmont Goldcorp, USA (50 % )
Teck (50 %), Canada

Let's count together (fase I):

They promise to have a productivity of 104000 tons per day.
If the plant works 365 days a year, 24 hours a day, the plant’s productivity will be 38 million tons per year.

The copper content in the ore is 0.388 %.
The maximum amount of copper (theoretically possible) that they can extract from their ore is 147440 tons per year of copper in concentrate.

They promise to get 224000 tons per year of copper in concentrate.
How is this possible?
How can one extract and sell something that does not exist in principle?

How can copper recovery at a plant NEWMONT GOLDCORP - TECK "NuevaUnión" (Chile) be 152 %? (The recovery cannot be more than 100%!)

It is theoretically impossible to produce such an amount of copper at the plant and they will have a deficit of 76570 tons of copper in concentrate per year.
In reality, the shortage of copper concentrate will be more than 230000 tons per year.

IMHO: This is not copper, gold and molybdenum which you can sell on the exchange!
Copper concentrate  from the plant NEWMONT GOLDCORP - TECK "NuevaUnión" (Chile)  is an intermediate product that is cheap and requires further processing and significant financial costs.


Ph.D. Natalia Petrovskaya 

  References

https://www.mch.cl/wp-content/uploads/sites/12/2020/01/MCH463_digital-1.pdf

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