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February 23, 2014

Amarium starts San Pedro copper mine exploration in Mexico

A subsidiary of Amarium Technologies Amarium Minerals has started an exploration programme at its San Pedro copper mine in Michoacán, Mexico.

A subsidiary of Amarium Technologies Amarium Minerals has started an exploration programme at its San Pedro copper mine in Michoacán, Mexico.

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The San Pedro mine is currently undergoing an expansion project of the existing flotation mill, and is running at 20t per day.

The company plans to increase the mine’s capacity to 200t per day, as part of the exploration programme.

Throughout the southern portion of the property, the exploration programme will involve extensive rock sampling and trenching.

"The data from assays will empirically confirm our current best estimates."

The programme will be completed over the next 90 days and is expected to cost around $500,000, according to the company.

Amarium president and CEO Adam Carter said the company has initiated further exploration activities at San Pedro to confirm the extent and highest grade locations of the onsite copper resource, to feed the expanded production facility at full capacity.

"We’ve established the property has a significant mineral resource, with high-grade copper already being processed on a daily basis," Carter said.

"The data from assays will empirically confirm our current best estimates and enable Amarium to carry out activities at the mine with greater capacity and efficiency."

Amarium is engaged in the acquisition and development of base metals projects in Mexico, which are currently in or near production.

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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