THE LOCAL unit of Canadian miner TVI Pacific, Inc. has started the construction of a zinc processing facility in its copper mine in the province of Zamboanga del Norte.
The construction, which was started three months ahead of schedule, will enable the miner to sell more mineral resources from its Canatuan copper mine, TVI Resource Development (Phils.), Inc. said in a statement posted on its Web site Friday.
“As we mine through the copper rich portion of the ore body and start getting into the copper-zinc zone as expected, the ability to separate and monetize the zinc will result in additional revenue,” said TVI Pacific President and Chief Executive Clifford M. James.
“This will allow us to further accelerate two key target areas of our growth strategy, which include exploration and development activities at Canatuan and Balabag, and exploration projects at Tamarok [all in Zamboanga del Norte],” Mr. James added.
The miner will spend $2.5-$3 million for the zinc circuits, which are expected to be operational late April next year. Construction began on October 28.
Its copper concentrate production will continue at a rate of approximately 5,000 MT per month while the zinc circuit is designed to produce approximately 1,000 MT per month of zinc concentrate, the miner said.
The Canatuan project is estimated to produce 65.428 million pounds of copper and 5,301 metric tons (MT) of zinc.
Zinc is mainly used as a protective coating for iron and steel and as the main alloy for brass.
"Off-take arrangements for the zinc concentrate are currently being negotiated," the miner said.
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