Friday 10 July 2020

CANDELARIA MINING COMPLEX (Chile) does not produce neither copper, nor gold, nor silver

 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..."

CANDELARIA MINING COMPLEX (Chile)

Owners:  

Lundin Mining Corp. 80 % (Canada)
 Sumitomo 20 % (Japan)

CANDELARIA MINING COMPLEX (Chile) does not produce neither copper, nor gold, nor silver.

CANDELARIA MINING COMPLEX produces copper concentrate, nothing more. A concentrate is stones, sand, minerals, but not metals.

IMHO, It’s not true that "The mining company reported that between July and September (2019) this mine produced 40698 tons of copper, along with approximately 24,000 oz of gold and 355,000 oz of silver."

 IMHO: Copper concentrate  from CANDELARIA MINING COMPLEX (Chile)  is an intermediate product that is cheap and requires further processing and significant financial costs.
 This is not copper, gold and silver which you can sell on the exchange!

Ph.D. Natalia Petrovskaya


References
  1. https://www.miningglobal.com/miningsites/report-freeport-mcmoran-sell-candelaria-copper-mine-chile
  2. https://www.distritocandelaria.cl/proceso-productivo/
  3. https://miningdataonline.com/property/144/Candelaria-Mine.aspx#Production
  4. https://consejominero.cl/quienes-somos/socios/lundin-mining-corporation/
  5. https://www.mch.cl/2019/10/28/candelaria-proyecta-producir-145-000-155-000-ton-de-cobre-este-ano/
  6. http://www.iimch.cl/index.php/noticias2/actualidad/883-canadiense-lundin-mining-compra-mina-de-cobre-candelaria-a-freeport-mcmoran
  7.  https://www.lundinmining.com/site/assets/files/7461/lundin_mining_-_candelaria_copper_mining_complex_-_investor_analyst_site_visit_-_sept_2018.pdf

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