THE BOURSE WHISPERER: Tiger Resources (ASX: TGS) has started copper cathode production at the company’s Kipoi copper project in the Democratic Republic of Congo (DRC).
The company announced cathode production commenced on 25 May, 2014 having completed construction and commissioning of its Stage 2 solvent extraction electro-winning (SXEW) plant at Kipoi.
Source: Company announcement
Tiger indicated it expects the SXEW plant will reach its full production capacity within three months with production of 25,000 tonnes of copper cathode anticipated in its first full 12 months of operation.
Production of copper concentrate is continuing at the company’s Stage 1 heavy media separation (HMS) plant at Kipoi, which is targeting production of 39,000 tonnes of copper in concentrate before ceasing operation early in 2015.
“Construction of our SXEW plant at Kipoi commenced in January 2013 so we are delighted that it is in production well ahead of our original start date and anticipate strong operating performance from the plant,” Tiger Resources managing director Brad Marwood said in the company’s announcement to the Australian Securities Exchange.
“The start of cathode production has been seven years in the planning, so to achieve an on-time-and-within-budget result is an exceptional performance.
“Our performance in the DRC reflects the DRC government’s strong commitment to the resource sector.”