Mining Project
Taca Taca
General Information
- Investment Company: FIRST QUANTUM
- Operating Company: CORRIENTE ARGENTINA S.A.
- Source of Capital: Canadá
- Address: Balcarce 175 - 3° Piso - Of. 303 - (4400) - Salta - Provincia de Salta
- Phone: +54 (0) 387-4395398
Project Details
– Location
West Salta Province
– Description
Porphry
– Minerals
Gold - Copper,Molybdenum
– Stage
Prefeasibility
– Capital Cost
$3,600,000,000.00
– Mine Operation
Open pit with flotation techniques
– Processing
Ore will be subject to primary crushing followed by SAG and ball milling. A rougher flotation circuit will produce a rougher flotation copper concentrate and another of molybdenum.
– Average Annual Production
During its 32 year mine life, annual average production will be 0.275 MT of copper as concentrate.
– Remaining Life
32 Years
– Resources & Reserves
- Proven and probable reserves: 7.73 MT copper, 5.08 Moz gold and 0.213 MT molybdenum.
- Measured and indicated Resources: 9.45 MT copper, 6.05 Moz gold and 0,264 MT of molybdenum.
Project Photos
Additional Comments
- A decision to proceed with the construction of Taca Taca was not expected before 2024.
- Work will continue to advance the project and to further refine and optimize the plan while obtaining the required approvals and permits and suitable assurances with respect to the Argentinian fiscal regime in advance of a formal construction decision.
- The last NI 43-101 Report provides an update on permitting and approvals, engineering progress, detailed production planning, development designs, technical analyses, cost estimates and economic analysis.
- Work will continue to advance the Taca Taca project and to further refine and optimize the plan.
- In particular, First Quantum intends to evaluate sources of energy for the project which are more environmentally friendly, including potentially 100% renewables or a combination of renewables and natural gas, and to optimze the energy intensity of the project.