Web Site: www.CuMtn.com
VANCOUVER, April 20 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces that construction work on the Company's Copper Mountain
Project is nearing completion. The Company has now commissioned the
new primary crusher and overland conveyor system. Over the past
weekend the Company crushed ore which was conveyed to the coarse ore
stockpile in preparation of the concentrator start up. The project
continues to proceed on schedule and as planned with construction
expected to be completed by the end of April 2011, commissioning of
equipment is scheduled to occur during May 2011, and full production is
scheduled to be achieved by the end of June 2011.
The first ore was delivered to the primary crusher over the past weekend
and everything went as planned. The Company has been stock piling ore
as part of preproduction mining activities. With commissioning of the
primary crusher complete, the Company is able to build its crushed ore
stock pile in preparation for start up of the concentrator.
Assembly of the second PC 8000 hydraulic shovel has been completed and
is being put into service. The two PC 8000 shovels are the main loading
units for the mine. A total of 12 out of 13 (240 ton) haul trucks have
been assembled and commissioned and are now in operation, with the
final 13th haul truck to be assembled by the end of the month.
The PC 8000 shovel's are performing as expected and are loading the 240
ton trucks to meet our planned mining rate of 160,000 tonnes per day.
Pre-production mining activities commenced in the Pit 3 area with the
first PC 8000 unit on the western wall and now the second PC 8000 is in
operation on the eastern wall push-back.
Construction activities within the concentrator are well advanced with
most of the work being directed at completion of piping and electrical
tasks. Installation of the grinding mills is progressing as planned
with pressure testing of hydraulic lube lines and the installation of
the SAG liners. The grinding mills are expected to be ready for
testing by the end of April. A commissioning team has been established
for testing the plant equipment as it is completed by the contractor.
The project currently has 520 workers on site, of which 240 are Copper
Mountain personnel and the rest associated with the construction
activities. At full production, the project will employ 271 personnel.
About Copper Mountain Mining Corporation:
Copper Mountain is a Canadian resource company managed by an experienced
team of professionals with a solid track record of exploration and
development success. The Company's shares trade on the Toronto Stock
Exchange under the symbol "CUM". Copper Mountain owns 75% and
Mitsubishi Materials Corporation owns 25% of the Copper Mountain
Project. The 18,000 acre mine site is located 20 km south of the town
of Princeton in southern British Columbia. The Copper Mountain Project
has a current resource of approximately 5 billion pounds of copper, the
Copper Mountain Project is fully financed ($438M) and in construction.
The project is on schedule for the mine to produce approximately 100
million pounds of copper per starting June 2011. Additional information
is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
J.C.(Jim )O'Rourke,P Eng.
Chief Executive Officer
Note: This release contains forward-looking statements that involve
risks and uncertainties. These statements may differ materially from
actual future events or results. Readers are referred to the
documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk
factors that could cause actual results to differ from those contained
in the forward-looking statements. The Company undertakes no
obligation to review or confirm analysts' expectations or estimates or
to release publicly any revisions to any forward-looking statement.
To view the full release with associated photos, please visit: http://files.newswire.ca/596/CopperPhotos.pdf
SOURCE Copper Mountain Mining Corporation
For further information:
Galina Meleger, Corporate Communications 604-682-2992 ext.224 Email: Galina@CuMtn.com or
Rod Shier, Chief Financial Officer 604-682-2992 ext.222 Email: Rod@CuMtm.com