Copper Mountain Mine ships first load of concentrate to Japan
VANCOUVER, Sept. 7, 2011 /CNW/ --
Web Site: www.CuMtn.com
TSX: CUM
VANCOUVER, Sept. 7, 2011 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the 'Company' or 'Copper Mountain') is pleased to announce that the Copper Mountain Mine has completed
loading its first shipment of concentrate to Japan. The first shipment
was made up of 11,200 wet metric tonnes of concentrate containing
approximately 5.6 million pounds of payable copper, 40,600 payable
ounces of silver, and 2,470 payable ounces of gold with a combined value of approximately US $29 million based on LME pricing.
Loading of the concentrate took approximately 18 hrs with no problems
encountered with the new loading facility that was built for Copper
Mountain. The MV Polaris Melody is expected to arrive at the Onahama
port in Japan on September 21, 2011 for unloading and transportation of
the concentrate to Mitsubishi's Onahama smelter for processing.
CEO & President of Copper Mountain Mining Corporation, Jim O'Rourke
'In just 16 months since receiving our permits to build on April 1, 2010
we have reached our goal of our first shipment of copper concentrate
headed to Japan for processing at our partners' smelter in Onahama. We
are all very pleased with the team's accomplishment in such a short
time.'
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 Mine.
The 18,000 acre mine site is located 20 km south of the town of
Princeton in southern British Columbia. The Copper Mountain Mine has a
current resource of approximately 5 billion pounds of copper and
recently commenced production. Additional information is available on
the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
'Rod Shier'
Rod Shier
Chief Financial 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.
Image with caption: 'MV Polaris Melody being loaded at the Port of Vancouver on Saturday, September 2, 2011. (CNW Group/Copper Mountain Mining Corporation)'. Image available at: http://photos.newswire.ca/images/download/20110907_C8943_PHOTO_EN_2884.jpg
Image with caption: 'Copper concentrate cargo being loaded onto the MV Polaris Melody. (CNW Group/Copper Mountain Mining Corporation)'. Image available at: http://photos.newswire.ca/images/download/20110907_C8943_PHOTO_EN_2885.jpg
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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@CuMtn.com
Website: www.CuMtn.com
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@CuMtn.com
Website: www.CuMtn.com
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@CuMtn.com
Website: www.CuMtn.com