Friday, 1 May 2020

Deficiency of copper concentrate at the plant "MANTOS BLANCOS (Chile)" can be 80000-50000 tons per year?

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..."


MANTOS COPPER "MANTOS BLANCOS" (Chile)
 

Owners:  
Mantos Copper (Audley Mining Advisors Limited (UK) 
Orion Mine Finance LLP (USA)
 

Let's count together:
 

Stage I
Plant productivity is 7.3 million tons per year.


The copper content in the ore is 0.53 %.


The maximum amount of copper (theoretically possible) that they can extract from their ore is 38690 tons per year of copper. 


The copper content in the concentrate is 29-35 %.
The maximum amount of copper concentrate is 133400- 110540 tons per year.

They promise to get 50000 tons of copper in concentrate per year.
 

How is this possible?
How can one extract and sell something that does not exist in principle?
How can copper recovery at a plant "MANTOS BLANCOS (Chile)" be 129%? (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 11310 tons of copper in concentrate per year.

 How can 52000 tons of copper be extracted from 50000 tons of copper in concentrate?


IMHO: This is not copper which you can sell on the exchange!
This is a copper concentrate that requires additional processing!
In reality,  copper concentrate deficit may reach more than 80000-50000 tons per year.
   
What do you think? What is the profitability of this project?

 Ph.D. Natalia Petrovskaya 

  References
  1. https://www.mch.cl/wp-content/uploads/sites/12/2020/01/MCH463_digital-1.pdf
  2. https://www.imineros.com/foro/_foro/mantos-copper-enfocada-en-su-expansion
  3. https://www.orionresourcepartners.com/
  4.  https://www.mch.cl/reportajes/mantos-copper-nuevo-actor-minero/
  5.  https://www.mantoscopper.org/
  6.  https://www.mch.cl/reportajes/mantos-copper-nuevo-actor-minero/


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