Amerigo Resources

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 2012 MVC produced 51.7 million pounds of copper and 1.1 million pounds of molybdenum. Amerigo's goal is to increase production on an annualized basis to approximately 50 million pounds of copper and 1 million pounds of molybdenum.

 

 

Minera Valle Central - A Long Term Low Cost Copper and Molybdenum Producer

 

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 currently treats all the fresh tailings from El Teniente's present production, and has the right to treat the higher grade old tailings from a 200 million tonne abandoned tailings impoundment located near MVC's plant.

 

MVC's goal is to increase annualized production to approximately 60 million pounds of copper and 1 million pounds of molybdenum through:

 

(1) Projected increases in throughput of fresh tailings from current levels.

 

(2) Increasing extraction of old tailings through an expansion initiated in 2005. MVC has the right to process up to 45,000 tpd in old tailings, and already has much of the equipment in place to process at these levels.

 

Strong Management

 

Dr. Klaus M. Zeitler - Chairman & CEO,  Director

Dr. Zeitler has more than 40 years experience in the mining industry and has financed, built and managed base metal and gold mines throughout the world with a total investment value of more than $4 billion.  He was founder and first CEO of Inmet Mining Corporation and a director of Teck Corp. and Cominco Limited for many years.

 

Mr. Rob Henderson - President & Chief Operating Officer

Mr. Henderson is a professional engineer with close to 30 years of international experience in operating, building and acquiring mineral properties.  He has worked for Kinross Gold Corporation, Rand Mines and De Beers, and then with SNC Lavalin and Hatch delivering engineering services to international mining clients.

 

Mr. Raul Poblete - General Manager, MVC 

Operations Manager at MVC since 1992, headed technical engineers who studied, bid, and obtained the rights to process tailings from El Teniente in 1989. Mr. Poblete designed and built the MVC plant.


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