The development value of Proda Cotora Copper Mine in Chile increases

Published: May 31, 2021 11:07

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[the development value of the Prodactora copper mine in Chile rises] the rise in copper prices has increased the economic value of Red Geely's (HOT Chili) copper project in Chile. Currently, the company's Prodoctora (Productora) project has a net present value of $1.1 billion, an increase of 500%, and the internal rate of return has risen to 38%, an increase of 150%.

The rise in copper prices has increased the economic value of Red Geely's (HOT Chili) copper project in Chile.

Currently, the company's Prodoctora (Productora) project has a net present value of $1.1 billion, an increase of 500%, and the internal rate of return has risen to 38%, an increase of 150%.

The main reason is that the price of copper has risen from $3 / lb to $4.62 / lb.

The construction of the Prodactora copper mine has an investment of US $725 million, with an annual production of 66000 tons of copper and 25000 ounces of gold.

In the coming weeks, Red Geely will begin pre-feasibility work on the Costavego (Costa Fuego) copper mine.

In addition, the resources of the Cotadella (Cortadera) copper mine will also be updated. At present, the ore resource of the copper mine is 451 million tons and the copper equivalent grade is 0.46%.

Copper production capacity mining output

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