New Block Cave Project At Northparkes Mines Gets Go-Ahead

China Molybdenum Company (CMOC) and Sumitomo have announced the final approval of a new block cave mine at Northparkes Mines (Northparkes) called E26 Lift 1 North (E26L1N). 

The investment will be more than $200M over a three and half year period with construction scheduled to commence this month and with full production expected in mid-2022.  

The project will produce approximately 40Mt of ore over a 10 year period.

Executive Chairman and CEO, CMOC Group, Steele Li said, everyone is really excited to see this project come to fruition and to watch Northparkes continue to develop and grow.