SAG Mill motor transformer failure at Copper Mountain Mine
VANCOUVER, May 16, 2013
Web Site: www.CuMtn.com
VANCOUVER, May 16, 2013 /PRNewswire/ - Copper Mountain Mining Corporation
(TSX: CUM) (the "Company" or "Copper Mountain") announces that one of the two
ABB transformers powering the SAG Mill motors at the Copper Mountain mine has
experienced a failure of one set of coils in a transformer that has
temporarily interrupted the SAG mill operation. The cause of the failure is
being evaluated by the supplier, but details are not yet available. A
transformer from a ball mill is being moved over to the SAG mill and the SAG
mill is scheduled to be back in production by Saturday, May 18, 2013.
As part of the original design of the concentrator, the SAG mill and two ball
mills have identical motors and transformers that are interchangeable in the
event of a component failure. The Company is proceeding with its contingency
plan of relocating one of the Ball mill transformers to replace the failed SAG
mill transformer. This action will allow the mill to restart production with
the SAG Mill and one Ball Mill. As these are specialty transformers, it is
anticipated that it will take approximately 4 weeks to repair. As a result,
production will be limited to approximately 1000 TPH or 24,000 TPD during this
period. The Company has informed its' insurance carrier of the incident and
the manufacturer of the transformer has sent a representative to assist at the
mine site. The damaged transformer is being shipped for rebuild in Edmonton.
Jim O'Rourke, President & CEO of Copper Mountain commented, "This transformer
failure is an extremely unfortunate event for the operation as our team has
been making significant strides in getting our SAG mill up to full capacity.
Immediate metal production will be impacted, but all resources are being made
to minimize the impact."
About Copper Mountain Mining Corporation:
Copper Mountain's flagship asset is the 75% owned Copper Mountain mine located
in southern British Columbia near the town of Princeton. The Company has a
strategic alliance with Mitsubishi Materials Corporation who owns the
remaining 25%. The Copper Mountain mine commenced production in the summer of
2011, and has continued to improve its operations during the year; and
attained design capacity in the summer of 2012. The 18,000 acre site has a
resource of approximately 5 billion pounds of copper and remains open
laterally and at depth. The mine has significant exploration potential that
will need to be explored over the next few years to fully appreciate the
properties full development potential. Additional information is available on
the Company's new web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
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.
SOURCE Copper Mountain Mining Corporation
Galina Meleger, Corporate Communications 604-682-2992 ext.224 Email:Galina
Rod Shier, Chief Financial Officer 604-682-2992 ext.222 Email:Rod@CuMtn.com
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