Amerigo Resources Ltd., Vancouver, British Columbia, TSX : ARG
Minera Valle Central – A Long Term Low Cost Copper and Molybdenum Producer - Chile'
Amerigo's wholly owned subsidiary, Minera Valle Central (MVC), produces copper and molybdenum concentrates from tailings from the world's largest underground copper mine, Codelco's El Teniente mine, a copper producer for the past 100 years with remaining ore reserves lasting many more decades.
MVC is treating all the fresh tailings from El Teniente's present production and has the right to treat the higher grade tailings from a 200 million tonne in situ tailings impoundment known as Colihues that is located next to MVC's plant. In 2007 MVC produced more than 33 million pounds of copper and approximately 639,000 pounds of molybdenum.
Amerigo's goal is to increase production on an annualized basis to approximately 60 million pounds of copper and 1 million pounds of molybdenum.
Last changed at 07-Feb-2009 12:29PM by Highgrader