Monday, 13 July 2020

NEWMONT GOLDCORP - TECK "NuevaUnión" (Chile) does not produce neither copper, nor gold, nor molybdenum.

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, 50 %  (USA)
Teck 50 %, (Canada)

IMHO,  NEWMONT GOLDCORP - TECK "NuevaUnión" (Chile) does not produce neither copper, nor gold, nor molybdenum.
NEWMONT GOLDCORP - TECK "NuevaUnión" (Chile) produces copper concentrate and molybdenum concentrate. The concentrate is stones, sand, minerals, but not metals.


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.


NEWMONT GOLDCORP - TECK "NuevaUnión" (Chile) promise to get 224000 tons per year of copper in concentrate.

IMHO.  It is not true. The maximum amount of copper (theoretically possible) that they can extract from their ore is 147440 tons per year of copper in concentrate. More

Ph.D. Natalia Petrovskaya 

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

 https://mineriaenlinea.com/2020/02/newmont-y-teck-invertiran-152-millones-en-proyecto-chileno-de-cobre-y-oro/



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