Inca Pacific buys ball mill for Magistral

Vancouverite Inca Pacific Resources (TSX-V: IPR) has awarded Bateman Engineered Technologies the contract for the supply of a ball mill, expected to be delivered by September 2010, for its Magistral copper-molybdenum project in Peru, the former reported.

"We are very pleased to be placing this long lead-time order while we wait to receive approval of our environmental and social impact assessment as well as many other key permits. We believe that working on multiple critical path matters at the same time is essential to keep the Magistral project on schedule," Inca Pacific's CEO Anthony Floyd said in a statement.

Inca Pacific said it is also evaluating the purchase of either a semi-autogenous grinding (SAG) mill or a high pressure grinding roll (HPGR) mill.

"Operating costs and delivery times for HPGR mills are currently better than SAG mills. In addition, the HPGR technology may offer advantages in plant capacity and process recoveries," the statement said.

A decision regarding which milling technology will be used at Magistral, as well as finalization of negotiations with a vendor to provide the selected technology is expected within 45 days.

The project entails building a 20,000t/d open-pit mine and concentrator to produce copper and molybdenum concentrates for 15 years, and has an estimated US$402mn capex.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: August 20, 2008

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