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Market: TSX
Sector: General Mining
Epic: TSX:ML
News: Latest news
Web Site: Mercator Minerals
Other Articles: 09-02-201002-10-200915-05-2009

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Mercator Minerals

Mercator Minerals

Mercator Minerals is a copper producer that owns and operates the Mineral Park copper/molybdenum mine in Arizona, with a corporate strategy focused on maximizing the production potential.

At full capacity, the Mineral Park mine average annual production during the first 10 years is forecast to be approximately 56.4 million pounds of copper, 10.3 million pounds of molybdenum and 0.6 million ounces of silver.

Tuesday, February 09, 2010

Mercator Minerals on track to boost copper-molybdenum production at Mineral Park

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Copper-Molybdenum miner, Mercator Minerals (TSX: ML) has commenced commissioning of ‘Phase 1.5’ at its 100% owned Mineral Park Mine in Arizona.  Mineral Park is a Copper-Molybdenum mine which currently has a design capacity of 25,000 tons per day. 


Phase 1.5 is designed to lift capacity by approximately 27.5% to 32,000 tons per day by adding a second SAG mill plus related conveyor and pumping systems.  “The installation of the second SAG mill was completed late January and currently motor run-ins and belt aligning work are underway,” Mercator Minerals confirmed this morning in a statement to the Toronto Stock Exchange.


Commission is expected to take a few weeks, with the new 32,000 tons per day capacity ready in March.
Mercator also confirmed that Phase 2 is continuing on schedule.  Phase 2 includes the installation of ball mills, which is due for completion “around the end of the year”.


"Even though the mill commenced operations in April, Mineral Park produced more than 31 million pounds of copper, 1.9 million pounds of [molybdenum] and 200,000 oz. of silver. With the increased production from phase 1.5, we look forward to another record year and continued growth from Phase 2 and the El Pilar project,” said Mike Surratt, President and CEO of Mercator Minerals.


The copper-molybdenum-silver producer also confirmed that it had entered into a new off-take agreement with commodity trading group, Trafigura for 50,000 tons of copper concentrate to be delivered to domestic smelters in 2010. "This is a considerably better contract for us with the domestic shipping," noted Surratt.

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