some mine visit takeaways9 Nov 2018 08:50
Both I and my mate Walter1111 wherever pleased with what we saw.
Massive contrast to what I saw first time pre-permit: this is a fully operational and expanding mine.
Runs 24 hours / 7
Worker are happy
Locals are happy ... Rio Tinto booming
New equipment being installed : 2nd primary crusher; 4x new floatation units; 2x secondary crusher.
Tailing dam is fine . Improvements made (on previous owner), water settles in middle and 300m+ away from very big / think walls (trucks can drive ontop). Eco lawyer who made claims is a liar, pure and simple.
Takeaway : surely mine has more than 14 years; with new cap equipment we will smash through 14mtpa (So I believe strongly that ATYM are being conservative on output). The strategic review, one of our shareholders may be looking to exit , we are looking at all options as part of process and even we could buy the stake or third party (ie Australian Oz miner as currently reported by VanJnr doing due diligence).
Matsa is well respected (Trafigura) ... whatever that means ...
Rio Tinto town seemed better place than before. Restaurant was packed.
I saw the copper concentrate end product ... it does not hang around as gets shipped out for further processing.