Oct 15, 2012 (Dow Jones) LONDON--African Copper PLC (ACU.LN), a copper explorer, said Monday it recorded production figures for the second quarter of fiscal 2013 from its 100% owned operating mines in Botswana.
-For the second quarter of fiscal 2013, the Company produced 2,882 Mt of copper in concentrate.
-Production in September was the third month in a row where copper produced in concentrate equalled or exceeded 950 Mt.
-Ore processed of 250,005 Mt; 29% increase over prior year's 2Q
-Copper recovery of 63.4%; 27% increase over prior year's 2Q
-Copper produced in concentrate of 2,882 Mt; 59% increase over prior year's 2Q
-During August the mill achieved and exceeded for the first time its nameplate capacity of 150Mtph
-On track to achieve record copper production in fiscal 2013.
-Operations teams continue to successfully execute its mine plans and have done a great job to increase throughput, efficiencies and plant utilisation.
-Focus now is to exceed these levels as it moves into increasing proportions of sulphide ore at Thakadu and to prove up additional resources from our strong portfolio of appraisal and exploration prospects.
-Shares closed Friday at 2 pence, valuing the company at GBP17.4 million.