Tuesday, February 24, 2009

Farallon Ships Concentrates To Asia

Vancouver-based Farallon Resources announced on Monday that it has begun shipping zinc, copper and lead concentrates from the port of Manzanillo, in Mexico, to smelters in Asia.

Farallon has been transporting concentrates to port from the G-9 mine at Campo Morado since October 2008 and shipped the first concentrate, bound for South Korea and China, on February 12.

"The commencement of vessel shipments is yet another significant milestone in the overall development of the G-9 Mine,” said president and CEO Dick Whittington.

The mine is expected to reach design capacity of 1,500 t/d this month.

In June 2008, the company signed a heads of agreement with international trading company Trafigura Beheer BV Amsterdam, covering treatment of 100% of the copper, lead and zinc concentrates produced from the G-9 project.

Source: Mining Weekly

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